In general the stock prices fluctuate in line with the anticipated future earnings.
Why Wall Street Crash. When the wall street stock market crashed in october 1929, the world economy was plunged into the great depression. Writing for bbc history revealed, nige tassell recalls the events and aftermath of the wall street crash of 1929.
Wall Street Stock Market Crash, 1929 Stock Photo ... from c8.alamy.com
Watch this video for a summary of the causes of the wall street crash. It was a temporary victory. The prolonged period of of rising stock prices was called the long bull market during.
A long overdue correction that wouldn't cause a recession.
Many people thought the stock market would only go up so they would use the bank for credit and loans to purchase stock. This was the worst crash in the history of the united states and was the beginning of the great depression. German banks had been large investors in us companies and suffered huge losses as the share prices of these companies fell. When the wall street crash happened he attempted to reassure americans that it was merely temporary.
