1929 Stock Market Crash

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Title: 1929 Stock Market Crash

Essay Details:

Subject: Miscellaneous

Author: Bernice D

Date: October 7, 2016

Level: University

Grade: A

Length: 5 / 1387

Essay text:

(1929?) Observers believed that stock market prices in the first 6 months of 1929 were high, while others saw them to be cheap. (1929?) On October 3rd, the Dow Jones Average began to drop, declining through the week of October 14th. (1929?) On the night of Monday, October 21st, 1929, margin calls were heavy and Dutch and German calls came in from overseas to sell overnight for the Tuesday morning opening. (1929?) On Tuesday morning, out-of-town banks and corporations sent in $150 million of call loans, and Wall Street was in a panic before the New York Stock Exchange opened. (1929?) On Thursday, October 24th, 1929, people began to sell their stocks as fast as they could...

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