The Stock Market Crash of 1929 occurred due to several underlying economic problems that emerged in the 1920s. Farmers were producing more crops than could be sold at a profit, consumers and farmers were taking on increasing debt, and basic industries were struggling. Speculation in the stock market was rampant, with many buying stocks on margin using borrowed money. On October 24, 1929, the stock market took a major plunge as panic set in and investors unloaded their shares. The selling accelerated on October 29, known as "Black Tuesday," with over 16 million shares dumped. By November, investors had lost around $30 billion. Bank and business failures followed as banks had invested in the stock market and many were forced to close.
Jehovah's Witnesses and Mormons are not considered true Christians based on their beliefs about Jesus and God. Jehovah's Witnesses believe Jesus was created and not God himself, contradicting the Bible which says Jesus is God manifested in the flesh. Mormons believe humans can become gods like Jesus, but the Bible says there is only one God and nothing created can become God. Key verses used by JWs to argue Jesus is not God are taken out of context and contradicted by other verses, showing Jesus as the creator and sustainer of all things, proving his divinity.
Pre-market trading hours on NASDAQ start at 8:00 AM and end at 9:30 AM. After-hours trading hours go from 4:00 PM to 6:30 PM. ECNs may have longer trading hours starting as early as 4:15 AM and ending at 7:00 PM. Day trades that occur during pre-market or after-hours hours still count toward the pattern day trading rules. The real stock market is different than stock market games because games may have delayed pricing that allows players to make trades based on future stock prices, which is not possible in the actual market.
The document discusses futures contracts for stocks and indexes and how they affect the market. It explains that futures prices are set based on buy and sell orders placed after the market closes to indicate whether the market will open higher or lower the next day. Specifically, it notes that an S&P futures price that is -4.40 and Nasdaq futures at -7.00 indicates that those indexes are expected to open down by those amounts based on after-hours trading activity.
The document discusses futures contracts for stocks and indexes like the Dow, S&P 500, and Nasdaq. It explains that even when the stock market is closed, futures contracts can be traded, and the price of these futures provides an indication of whether the market will open higher or lower the next day based on the number of buy and sell orders placed. Specifically, it notes that an S&P 500 futures price that is 4.40 points lower and a Nasdaq futures price 7 points lower than fair value suggests the indexes will open down based on after-hours selling reflected in those futures prices.
Your Questions About Is It Easy To Make Money In The Stock Marketstevewinston68
You put money in a bank for safekeeping and to make using your money easier through checking accounts. However, banks are now allowed to take customer funds and invest them in the stock market, which some see as "gambling". While it is possible to double an investment in a month by investing in the right stock, accurately predicting stock price movements is very difficult. Day trading options can also provide large profits but involves significant risk, as options values can change rapidly. Making a living through short-term trading requires skills that usually take years of experience to develop proficiently.
Your Questions About Stock Market Holidaysstevewinston68
The stock market does experience time decay over weekends and holidays when it is closed. The amount of time decay depends on how close the expiration date is and how close the stock price is to the strike price. The Greek letter theta represents the daily time decay for an option.
While Black Friday sales have little direct impact on the stock market, retail sales numbers in the last two months of the year can influence market movement up or down based on signs of consumer confidence.
Veterans Day was previously recognized as a stock market holiday but is no longer observed. The governing body that decides stock market holidays has chosen to recognize some holidays like Presidents' Day and MLK Day over Veterans Day, though the reasoning for
Your Questions About Stock Market Holidaysstevewinston68
The document discusses various questions about stock market holidays. It provides the following key information:
- Options can experience time decay over weekends and holidays when markets are closed, though the amount of decay depends on factors like time until expiration.
- Retail sales numbers around holidays like Black Friday may impact markets more than the day itself. Strong sales can boost markets.
- The US stock market recognizes some federal holidays but not Veterans Day, though it once closed for it. The decision on which holidays to close for comes from the governing body.
- Japan has numerous national holidays, closing their stock market for weekends and holidays like many other countries.
- The US stock market will be closed on December 24
The Stock Market Crash of 1929 occurred due to several underlying economic problems that emerged in the 1920s. Farmers were producing more crops than could be sold at a profit, consumers and farmers were taking on increasing debt, and basic industries were struggling. Speculation in the stock market was rampant, with many buying stocks on margin using borrowed money. On October 24, 1929, the stock market took a major plunge as panic set in and investors unloaded their shares. The selling accelerated on October 29, known as "Black Tuesday," with over 16 million shares dumped. By November, investors had lost around $30 billion. Bank and business failures followed as banks had invested in the stock market and many were forced to close.
Jehovah's Witnesses and Mormons are not considered true Christians based on their beliefs about Jesus and God. Jehovah's Witnesses believe Jesus was created and not God himself, contradicting the Bible which says Jesus is God manifested in the flesh. Mormons believe humans can become gods like Jesus, but the Bible says there is only one God and nothing created can become God. Key verses used by JWs to argue Jesus is not God are taken out of context and contradicted by other verses, showing Jesus as the creator and sustainer of all things, proving his divinity.
Pre-market trading hours on NASDAQ start at 8:00 AM and end at 9:30 AM. After-hours trading hours go from 4:00 PM to 6:30 PM. ECNs may have longer trading hours starting as early as 4:15 AM and ending at 7:00 PM. Day trades that occur during pre-market or after-hours hours still count toward the pattern day trading rules. The real stock market is different than stock market games because games may have delayed pricing that allows players to make trades based on future stock prices, which is not possible in the actual market.
The document discusses futures contracts for stocks and indexes and how they affect the market. It explains that futures prices are set based on buy and sell orders placed after the market closes to indicate whether the market will open higher or lower the next day. Specifically, it notes that an S&P futures price that is -4.40 and Nasdaq futures at -7.00 indicates that those indexes are expected to open down by those amounts based on after-hours trading activity.
The document discusses futures contracts for stocks and indexes like the Dow, S&P 500, and Nasdaq. It explains that even when the stock market is closed, futures contracts can be traded, and the price of these futures provides an indication of whether the market will open higher or lower the next day based on the number of buy and sell orders placed. Specifically, it notes that an S&P 500 futures price that is 4.40 points lower and a Nasdaq futures price 7 points lower than fair value suggests the indexes will open down based on after-hours selling reflected in those futures prices.
Your Questions About Is It Easy To Make Money In The Stock Marketstevewinston68
You put money in a bank for safekeeping and to make using your money easier through checking accounts. However, banks are now allowed to take customer funds and invest them in the stock market, which some see as "gambling". While it is possible to double an investment in a month by investing in the right stock, accurately predicting stock price movements is very difficult. Day trading options can also provide large profits but involves significant risk, as options values can change rapidly. Making a living through short-term trading requires skills that usually take years of experience to develop proficiently.
Your Questions About Stock Market Holidaysstevewinston68
The stock market does experience time decay over weekends and holidays when it is closed. The amount of time decay depends on how close the expiration date is and how close the stock price is to the strike price. The Greek letter theta represents the daily time decay for an option.
While Black Friday sales have little direct impact on the stock market, retail sales numbers in the last two months of the year can influence market movement up or down based on signs of consumer confidence.
Veterans Day was previously recognized as a stock market holiday but is no longer observed. The governing body that decides stock market holidays has chosen to recognize some holidays like Presidents' Day and MLK Day over Veterans Day, though the reasoning for
Your Questions About Stock Market Holidaysstevewinston68
The document discusses various questions about stock market holidays. It provides the following key information:
- Options can experience time decay over weekends and holidays when markets are closed, though the amount of decay depends on factors like time until expiration.
- Retail sales numbers around holidays like Black Friday may impact markets more than the day itself. Strong sales can boost markets.
- The US stock market recognizes some federal holidays but not Veterans Day, though it once closed for it. The decision on which holidays to close for comes from the governing body.
- Japan has numerous national holidays, closing their stock market for weekends and holidays like many other countries.
- The US stock market will be closed on December 24
Your Questions About Stock Market Holidaysstevewinston68
The document discusses various questions about stock market holidays. It provides the following key information:
- Options can experience time decay over weekends and holidays when markets are closed, though the amount depends on factors like time until expiration.
- Retail sales numbers around holidays like Black Friday may impact markets more than the day itself.
- The US stock market recognizes some federal holidays but not Veterans Day, though it once closed for it.
- Japan has numerous national holidays, closing their stock market around 2-3 times per month.
- The US stock market will be closed on Christmas Eve but open on New Year's Eve and January 3rd this year. The Australian market will be closed for Easter Monday
Pre-market and after-hours trading hours on Nasdaq are from 8:00 AM to 9:30 AM and 4:00 PM to 6:30 PM Eastern Time respectively. Day trades made during these periods still count toward the pattern day trading rules. Real-time stock prices can vary between different trading platforms during after-hours due to differences in liquidity and data sources. The stock market game played in class is not entirely realistic as students are able to make trading decisions based on stock prices from 10 minutes in the future, which is not possible in the actual market.
Pre-market and after-hours trading hours on Nasdaq are from 8:00 AM to 9:30 AM and 4:00 PM to 6:30 PM Eastern Time respectively. Day trades made during these periods still count toward the pattern day trading rules. Real-time stock prices can vary between different trading platforms during after-hours due to differences in liquidity and data sources. The stock market game played in economics class is not entirely realistic as it allows purchasing stocks based on prices from 10 minutes in the future, eliminating the risk of adverse price movements.
Pre-market trading hours on NASDAQ start at 8:00 AM and end at 9:30 AM. After-hours trading hours are from 4:00 PM to 6:30 PM. Liquidity is usually thin during these times and limited to the most liquid stocks and ETFs. ECNs have longer trading hours starting as early as 4:15 AM and ending at 7:00 PM but are not open 24/7. Day trades that occur in pre-market or after-hours hours still count toward the pattern day trading rules. The stock market game is different than real trading because it has a 10 minute delay, allowing players to make trades based on future price information.
Pre-market trading hours on NASDAQ start at 8:00 AM and end at 9:30 AM. After-hours trading hours are from 4:00 PM to 6:30 PM. Liquidity is usually thin during these times and limited to the most liquid stocks and ETFs. ECNs have longer trading hours starting as early as 4:15 AM and ending at 7:00 PM but are not open 24/7. Day trades that occur during pre-market or after-hours hours still count toward the pattern day trading rules. The stock market game is different than the real stock market in part because trades in the game have a 10 minute delay, allowing players to make decisions based on future prices.
The document discusses questions and answers related to pre-market and after-hours trading on Nasdaq. It explains that Nasdaq pre-market hours are from 8:00AM to 9:30AM ET and after-hours are from 4:00PM to 6:30PM ET. Day trades that occur during these periods still count toward the pattern day trading rules. Liquidity is also very thin during pre-market and after-hours.
This document contains questions and answers about pre-market and after-hours trading on NASDAQ. Pre-market hours are from 8:00-9:30 AM and after-hours are from 4:00-6:30 PM. Trades made during these times are counted for the following trading day. Day traders must be careful, as trades in pre-market and after-hours could count towards pattern day trading limits. Liquidity is also very thin during these times. ECNs have longer hours than exchanges, typically starting at 4:15 AM and ending at 7:00 PM.
The document discusses futures contracts for indexes like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite. Futures contracts allow traders to speculate on the future price of these indexes. Before the markets open each day, futures prices provide an indication of whether the indexes are expected to be up or down based on after-hours trading activity. Various sources of free information on futures prices and charts are provided to help understand how futures work and where they can be viewed.
Futures contracts allow investors to speculate on or hedge against the future price of assets like stocks indices. The document discusses questions asked by various individuals about stock index futures, including how they are priced when the markets are closed, what statistics are used to determine their value, and where to find quotes for Dow, S&P, and Nasdaq futures. It also provides definitions and examples to explain futures contracts, index futures, and how they differ from stocks.
The document discusses questions and answers about the Nasdaq index. It provides historical Nasdaq index values from specific dates in 2009 and links to find historical index data and charts for the Nasdaq, S&P 500, and Dow Jones Industrial Average from 1999 onwards. It also explains that a company is removed from the Nasdaq index if it no longer meets the listing requirements for factors like earnings, stock capitalization, revenue, and operating income.
The document discusses questions and answers about the Nasdaq index. It provides historical Nasdaq index values from specific dates in 2009 and links to find historical index data and charts for the Nasdaq, S&P 500, and Dow Jones Industrial Average going back to 1999. It also explains what it means for a company to be removed from the Nasdaq index and whether the responder thinks the Nasdaq will break through its lows from the 2002 bear market.
The document discusses futures contracts for indexes like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite. It explains that futures prices are set based on orders placed when the market is closed to buy or sell stocks the next day. If there are more sell orders, futures prices will be down, and if there are more buy orders, futures prices will be up. It also discusses how futures prices reported in the morning give an indication of how the indexes may open that day.
The document discusses futures contracts for stocks and indexes and how they affect the market. It explains that futures prices are set based on buy and sell orders placed when the market is closed, with more sell orders leading to lower futures prices and more buy orders leading to higher prices. It also notes that futures reported in the morning give an indication of how the indexes will open, with specific examples of S&P 500 futures predicting an open 4.4 points lower and Nasdaq futures 7 points lower based on after-hours trading.
Hydrogen bonds are weaker than covalent bonds and form between partially charged atoms or molecules. To count pi bonds on ring structures, consider the number of double and triple bonds present. The order in which bonds break during enzyme denaturation is: 1) hydrophobic interactions, 2) hydrogen bonds, 3) ionic bonds, with disulfide bonds requiring a reducing agent to break due to their covalent nature.
The document discusses questions and answers about the Nasdaq index. It provides historical Nasdaq index values from specific dates in 2009 and links to find historical index data and charts dating back to 1999. It also explains that a company is removed from the Nasdaq index if it no longer meets the listing requirements for factors like earnings, revenue, or market capitalization.
The document discusses questions about tracking and trading the Nasdaq and Dow Jones indexes. It explains that the QQQQ option tracks Nasdaq index movement and DIA tracks the Dow. It also notes that exchange traded funds like QQQQ, SPY, and DIA can be bought and traded like company shares to gain exposure to indexes. Specific Nasdaq index values from February 13, 2009 are also provided.
The document discusses futures contracts for indexes like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite. It explains that futures contracts allow people to bet on the future price of these indexes. Each day, the futures prices provide an indication of whether the indexes are expected to open higher or lower based on orders placed overnight. The document also answers questions about where to find futures price quotes and charts, how futures contracts work, and the difference between futures and the underlying indexes.
Futures contracts allow investors to speculate on or hedge against the future price of an asset. Index futures specifically track the price of a stock market index. The Nasdaq, S&P 500, and Dow Jones Industrial Average all have futures contracts that trade after the regular stock market closes and provide indications of where those indexes may open the next day. These futures prices are determined by orders to buy and sell index components that are placed when the market is closed but will be executed at the next opening.
The document discusses pre-market and after-hours trading on Nasdaq. It answers questions about the hours for pre-market trading (8:00AM-9:30AM) and after-hours trading (4:00PM-6:30PM). It also notes that liquidity is lower during these times and that most trading is done on the most liquid stocks. Day trades are counted the same during pre-market and after-hours trading. Electronic Communication Networks may not operate 24/7 and also have set pre-market and after-hours windows.
Hydrogen bonds are weaker intermolecular forces between partially charged atoms or molecules, while covalent bonds are stronger intramolecular bonds involving shared valence electrons between atoms. To count pi bonds in ring structures, consider single, double, and triple bonds according to valence bond theory. The order in which bonds break during enzyme denaturation is hydrophobic interactions, then hydrogen bonds, then ionic bonds, with disulfide bonds not breaking via heat denaturation. Hydrogen bonds between water molecules are weaker than the covalent bonds within molecules and can be broken by heating without breaking covalent bonds. Common biological bonds include covalent, hydrogen, and van der Waals bonds as well as peptide bonds.
Your Questions About Stock Market Holidaysstevewinston68
The document discusses various questions about stock market holidays. It provides the following key information:
- Options can experience time decay over weekends and holidays when markets are closed, though the amount depends on factors like time until expiration.
- Retail sales numbers around holidays like Black Friday may impact markets more than the day itself.
- The US stock market recognizes some federal holidays but not Veterans Day, though it once closed for it.
- Japan has numerous national holidays, closing their stock market around 2-3 times per month.
- The US stock market will be closed on Christmas Eve but open on New Year's Eve and January 3rd this year. The Australian market will be closed for Easter Monday
Pre-market and after-hours trading hours on Nasdaq are from 8:00 AM to 9:30 AM and 4:00 PM to 6:30 PM Eastern Time respectively. Day trades made during these periods still count toward the pattern day trading rules. Real-time stock prices can vary between different trading platforms during after-hours due to differences in liquidity and data sources. The stock market game played in class is not entirely realistic as students are able to make trading decisions based on stock prices from 10 minutes in the future, which is not possible in the actual market.
Pre-market and after-hours trading hours on Nasdaq are from 8:00 AM to 9:30 AM and 4:00 PM to 6:30 PM Eastern Time respectively. Day trades made during these periods still count toward the pattern day trading rules. Real-time stock prices can vary between different trading platforms during after-hours due to differences in liquidity and data sources. The stock market game played in economics class is not entirely realistic as it allows purchasing stocks based on prices from 10 minutes in the future, eliminating the risk of adverse price movements.
Pre-market trading hours on NASDAQ start at 8:00 AM and end at 9:30 AM. After-hours trading hours are from 4:00 PM to 6:30 PM. Liquidity is usually thin during these times and limited to the most liquid stocks and ETFs. ECNs have longer trading hours starting as early as 4:15 AM and ending at 7:00 PM but are not open 24/7. Day trades that occur in pre-market or after-hours hours still count toward the pattern day trading rules. The stock market game is different than real trading because it has a 10 minute delay, allowing players to make trades based on future price information.
Pre-market trading hours on NASDAQ start at 8:00 AM and end at 9:30 AM. After-hours trading hours are from 4:00 PM to 6:30 PM. Liquidity is usually thin during these times and limited to the most liquid stocks and ETFs. ECNs have longer trading hours starting as early as 4:15 AM and ending at 7:00 PM but are not open 24/7. Day trades that occur during pre-market or after-hours hours still count toward the pattern day trading rules. The stock market game is different than the real stock market in part because trades in the game have a 10 minute delay, allowing players to make decisions based on future prices.
The document discusses questions and answers related to pre-market and after-hours trading on Nasdaq. It explains that Nasdaq pre-market hours are from 8:00AM to 9:30AM ET and after-hours are from 4:00PM to 6:30PM ET. Day trades that occur during these periods still count toward the pattern day trading rules. Liquidity is also very thin during pre-market and after-hours.
This document contains questions and answers about pre-market and after-hours trading on NASDAQ. Pre-market hours are from 8:00-9:30 AM and after-hours are from 4:00-6:30 PM. Trades made during these times are counted for the following trading day. Day traders must be careful, as trades in pre-market and after-hours could count towards pattern day trading limits. Liquidity is also very thin during these times. ECNs have longer hours than exchanges, typically starting at 4:15 AM and ending at 7:00 PM.
The document discusses futures contracts for indexes like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite. Futures contracts allow traders to speculate on the future price of these indexes. Before the markets open each day, futures prices provide an indication of whether the indexes are expected to be up or down based on after-hours trading activity. Various sources of free information on futures prices and charts are provided to help understand how futures work and where they can be viewed.
Futures contracts allow investors to speculate on or hedge against the future price of assets like stocks indices. The document discusses questions asked by various individuals about stock index futures, including how they are priced when the markets are closed, what statistics are used to determine their value, and where to find quotes for Dow, S&P, and Nasdaq futures. It also provides definitions and examples to explain futures contracts, index futures, and how they differ from stocks.
The document discusses questions and answers about the Nasdaq index. It provides historical Nasdaq index values from specific dates in 2009 and links to find historical index data and charts for the Nasdaq, S&P 500, and Dow Jones Industrial Average from 1999 onwards. It also explains that a company is removed from the Nasdaq index if it no longer meets the listing requirements for factors like earnings, stock capitalization, revenue, and operating income.
The document discusses questions and answers about the Nasdaq index. It provides historical Nasdaq index values from specific dates in 2009 and links to find historical index data and charts for the Nasdaq, S&P 500, and Dow Jones Industrial Average going back to 1999. It also explains what it means for a company to be removed from the Nasdaq index and whether the responder thinks the Nasdaq will break through its lows from the 2002 bear market.
The document discusses futures contracts for indexes like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite. It explains that futures prices are set based on orders placed when the market is closed to buy or sell stocks the next day. If there are more sell orders, futures prices will be down, and if there are more buy orders, futures prices will be up. It also discusses how futures prices reported in the morning give an indication of how the indexes may open that day.
The document discusses futures contracts for stocks and indexes and how they affect the market. It explains that futures prices are set based on buy and sell orders placed when the market is closed, with more sell orders leading to lower futures prices and more buy orders leading to higher prices. It also notes that futures reported in the morning give an indication of how the indexes will open, with specific examples of S&P 500 futures predicting an open 4.4 points lower and Nasdaq futures 7 points lower based on after-hours trading.
Hydrogen bonds are weaker than covalent bonds and form between partially charged atoms or molecules. To count pi bonds on ring structures, consider the number of double and triple bonds present. The order in which bonds break during enzyme denaturation is: 1) hydrophobic interactions, 2) hydrogen bonds, 3) ionic bonds, with disulfide bonds requiring a reducing agent to break due to their covalent nature.
The document discusses questions and answers about the Nasdaq index. It provides historical Nasdaq index values from specific dates in 2009 and links to find historical index data and charts dating back to 1999. It also explains that a company is removed from the Nasdaq index if it no longer meets the listing requirements for factors like earnings, revenue, or market capitalization.
The document discusses questions about tracking and trading the Nasdaq and Dow Jones indexes. It explains that the QQQQ option tracks Nasdaq index movement and DIA tracks the Dow. It also notes that exchange traded funds like QQQQ, SPY, and DIA can be bought and traded like company shares to gain exposure to indexes. Specific Nasdaq index values from February 13, 2009 are also provided.
The document discusses futures contracts for indexes like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite. It explains that futures contracts allow people to bet on the future price of these indexes. Each day, the futures prices provide an indication of whether the indexes are expected to open higher or lower based on orders placed overnight. The document also answers questions about where to find futures price quotes and charts, how futures contracts work, and the difference between futures and the underlying indexes.
Futures contracts allow investors to speculate on or hedge against the future price of an asset. Index futures specifically track the price of a stock market index. The Nasdaq, S&P 500, and Dow Jones Industrial Average all have futures contracts that trade after the regular stock market closes and provide indications of where those indexes may open the next day. These futures prices are determined by orders to buy and sell index components that are placed when the market is closed but will be executed at the next opening.
The document discusses pre-market and after-hours trading on Nasdaq. It answers questions about the hours for pre-market trading (8:00AM-9:30AM) and after-hours trading (4:00PM-6:30PM). It also notes that liquidity is lower during these times and that most trading is done on the most liquid stocks. Day trades are counted the same during pre-market and after-hours trading. Electronic Communication Networks may not operate 24/7 and also have set pre-market and after-hours windows.
Hydrogen bonds are weaker intermolecular forces between partially charged atoms or molecules, while covalent bonds are stronger intramolecular bonds involving shared valence electrons between atoms. To count pi bonds in ring structures, consider single, double, and triple bonds according to valence bond theory. The order in which bonds break during enzyme denaturation is hydrophobic interactions, then hydrogen bonds, then ionic bonds, with disulfide bonds not breaking via heat denaturation. Hydrogen bonds between water molecules are weaker than the covalent bonds within molecules and can be broken by heating without breaking covalent bonds. Common biological bonds include covalent, hydrogen, and van der Waals bonds as well as peptide bonds.
1. Your Questions About Stock Market Crash Of 1929
Sharon asks…
10 facts about the 1929 stock market crash?
I'm supposed to write something for my English class about the stock market crash of 1929.
However, everything I read makes it extremely complicated. Can someone help me out?
Steve Winston answers:
If I were you I'd take what you can from this:
http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
and
http://www.britannica.com/EBchecked/topic/566754/stock-market-crash-of-1929
and
http://www.econlib.org/library/Topics/HighSchool/MonetaryPolicyandtheFederalReserve.html
this is a discussion of the effect of smoot-hawley on the stock market, specifically helping it sink:
http://www.econtalk.org/archives/2010/01/rustici_on_smoo.html
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2. Unfortunately it is somewhat complicated. Basically there was a bubble in the stock market
created by too much credit created by the Federal Reserve. This fostered an atmosphere of
easy money and speculation (similar to the recent housing bubble) in the stock market. Also,
smoot-hawley, and some other actions taken by President Hoover prolonged the problem.
Laura asks…
What are similarities between the 1929 stock market crash and the
sub-prime mortgage crash today?
I have to write a social studies essay on the similarities between the 1929 stock market crash
and the sub-prime mortgage crash.
I need 3 good points, and I have to expand on every one of them, so I would appreciate some
detail. Great! Thanks a lot
Steve Winston answers:
1. Both times, credit was easy to get.
2/8
3. In both times, people could borrow easily.
2 Both time, there was rampant speculation which created bubbles
In the 20's, the speculation was in stocks, which led to a huge bubble in the stock market. In the
current period, the speculation was in housing, which led to a huge buble in the housing market.
3. In both cases, government regulation was weak.
In the 20's leading up to the crash, the two presidents were Warren Harding and Calvin
Coolidge, both of whom essentially had the belief that they should to as little as possible. In both
terms, the government regulation was weak, leading to poor decisions being made by the
banks.
In the current times, George Bush believed very strongly in minimizing government regulation.
Government regulatory agencies became do-nothing organizations, which allowed mortgage
bankers to essentially create fraud, openly encouraging loan applicants to lie on their
applications and developing products that they knew would kick people out of their homes and
wreak financial devastation.
Betty asks…
What were three influential Canadians that were involved with the
1929 stock market crash?
I have a culminating assignment to do on the 1929 stock market crash. We need to find three
people (with varying opinions and points of view) in order to explain the chronology stock
market crash.
3/8
4. If anyone could help me think of any people (political candidates, activists, etc.) that were very
influential to the stock market crash, that would be great!!
Ps: They should be Canadian
Steve Winston answers:
Hmmmmmmmmmmm
David asks…
How the stock market crash of 1929 could have been prevented?
could the 1929 crash of the stock market been prevented? How? Did the government do
anything that could have caused the stock market to crash during 1929?
4/8
5. Steve Winston answers:
This would be a book or an extensive thesis or dissertation.
No one is going to do that homework here.
I can tell you that the gov screwed up the economy and the market and kept the US in
Depression for raising taxes on individuals, and on business and created socialist programs that
if not addressed properly could create sever financial issues for the the USA in the future.
Frontline: $10 Trillion and Counting
http://www.pbs.org/wgbh/pages/frontline/tentrillion/
Note: the first part (of the above program) is Bush bashing with some good arguments. The last
part where they show the graphs and address actual projections of entitlements and not argue
solely on politics is what I would pay attention to.
In addition during the late 1920's, the FED made a series of pre-Depression interest rate
(increase) blunders just like it did in 1998-2000, and 2004-2006.
Ken asks…
Corporations during the stock market crash of 1929 and later
5/8
6. depression?
Question for history class:
Many corporations survived the stock market crash of 1929 but failed during the ensuing
depression. Explain how this could happen.
I realize how they failed during the depression, but not exactly how they survived the stock
market crash. Thanks for any help!
Steve Winston answers:
The biggest reason companies didn’t fail when the market crashed is that stock price has
nothing to do with company success.
So just because a stock price falls by 70% does not mean that sales fell by 70%. During every
market downturn some companies have falling stock prices in the face of rising sales. The
depression is particularly acute because the lofty stock prices seen prior to the crash were due
to speculation and low margin requirements, not due to economic performance.
Carol asks…
6/8
7. Was it the "Dead Cat Bounce" when investors jumped out of
windows during the 1929 stock market crash?
When investors jumped out of their windows on Wall street during the 1929 stock market
crash in the USA, was that the "Dead Cat Bounce" ???
If so, how high did the investors bounce?
Steve Winston answers:
Http://www.cracked.com/article_18487_6-ridiculous-history-myths-you-probably-think-are-true.ht
ml
Sandy asks…
How did President Hoover respond to the stock market crash of
7/8
8. 1929 and the subsequent depression? What was the?
How did President Hoover respond to the stock market crash of 1929 and the subsequent
depression? What was the impact of his approach? What was the human toll of the Great
Depression?
Steve Winston answers:
President Hoover actually did very little during the time. He believed eventually the economy
would eventually fix itself. The great depression never started in America. It was already bad
throughout the world. However, back to your question. If you really want a human toll you'd
have to include WWII because the great depression was the driving force fascistshe facisits.
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