Stock Market Crash Research Paper

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When we think of the hardest times for mankind we think of wars and things such as genocide as they give us a very visual representation of hardship.However we rarely think of stockmarket crashes.The average person usually doesn't understand how they work and the effects that they have on society.Wars in the middle east,brexit and tensions in eastern europe all confirm that we live in unpredictable times. Any person who is currently investing or is thinking about investing needs to be able to read current events and the impacts that they will have on the current market.

The stock market crash of October 1929 is regarded as one of the hardest economic times ever faced by mankind.The crash was caused by a mismatch between production and consumption along with a weak banking system. Two million people in the United States became homeless along with the closure of 4000 banks. The power of a stockmarket crash to put …show more content…
The crash was extremely controversial as the cause was a lot of controversial banking which astonishingly was not punished. Many people were able to pick out the bubble in the market before the housing market came to a halt, however the ones that were hit the hardest were the general public. The debt the banking system caused was decided to be payed by the tax paying americans.This meant people could no longer afford to keep some of their staff and many people lost jobs and along with that homes and possessions. According to NBC News from the period just before and leading after 2008 1.2 million homes were lost due to the recession. The difference between this crash and pervious stock market crashes is that the reason for the crash was not addressed and the mortgage setups that were responsible for the crash are still being used today and I believe will be continued to be used until the next stock market crash which will inevitably
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