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Essay

Black Thusday: The Crash

Essay specific features

 

Issue:

History

 

Written by:

Jessica B

 

Date added:

August 29, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1022

 

Was viewed:

780 times

 

Rating of current essay:

 
Essay content:

Despite the crash, reports remained optimistic. Major New York banks united to buy up $30 million worth of stock in efforts to stabilize the market, and president Herbert Hoover announced that recovery was expected. Hoover's claims had little merit; the situation became bleaker during the next week. October 29 broke the now four-day old NYSE record for number of transactions: 16,410,035 shares changed hands in total...
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October 29 broke the now four-day old NYSE record for number of transactions: 16,410,035 shares changed hands in total. The market dropped 17.3 percent, confirming, and cementing, the permanency of the crash. The coming months saw no recovery. The crash in the market spelled disaster for the national economy...
displayed 300 characters

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