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Essay / Stock Market Crash - 870
Dating back to the initial creation of the stock market, trading has always been a popular form of activity in economic society. Stock trading is an activity practiced by people all over the world. Surprisingly, even though it has always been one of the most popular ways to invest money, many people still don't understand how it works. Some compare investing in the stock market to gambling money. A stock, depending on the number of shares, is a part of a public company. By owning this small percentage of the business, success in the market depends solely on the success of the business. The stock market is a financial market where brokers come together to buy and sell stocks. Due to the popularity of stock market investing among many people, the country's economy has lived and died by the production of markets. Therefore, when the stock market crashed in the past, the country as a whole was hit hard. Although there have been multiple stock market crashes over the years, none of them compare to the crash of 1929. The stock market crash of 1929 was one of the worst economic disasters this country has experienced and , hopefully, will never know. of 1929 was very abrupt and extremely unexpected. Before the crash, America and its people were doing as well as they had in years. The country had just successfully completed World War I and positivity and optimism were strong throughout the country. Added to this was a strong confidence that seemed shared by the majority of Americans. With this, many people have decided to take a chance and invest money in the stock market. “With the exuberant mood in the country, the stock market seemed to be a... middle of paper...... positives were coming out of it. Since this horrible accident, nothing this serious has happened. It is reasonable to assume that the country has learned from its mistake and that Zitman 5 has now taken the necessary precautionary measures to prevent a situation like this from happening again. If this never happened, the United States, like the rest of the country, would not be as informed on the subject. Without the proper precautionary measures and warnings, this could easily happen again. Additionally, the crash helped bring the country together. It also made the nation much stronger in terms of education and unity. A few months after the crash, Labor Secretary James J. Davis declared, “We have hit bottom and are on the path to recovery.” » The stock market crash of 1929 was one of the worst economic disasters this country has ever seen and, hopefully, will ever see..