Wall Street Crash 1929

Essay specific features

 

Issue:

History

 

Written by:

Randy G

 

Date added:

August 6, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 534

 

Was viewed:

2031 times

 

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Essay content:

On October 24, 1929 (with the Dow just off its September 3rd peak from at 381.17), the bubble finally burst and panic selling set in. 12,894,650 shares were traded in the space of one day, as people desperately tried to dispose of their shares before they became worthless. Over the following few days another thirty million shares changed hands and share prices collapsed, ruining many investors...
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12,894,650 shares were traded in the space of one day, as people desperately tried to dispose of their shares before they became worthless. Over the following few days another thirty million shares changed hands and share prices collapsed, ruining many investors. The banks which had lent heavily to fund share buying found themselves saddled with debt, which caused many banks to fail...
displayed next 300 characters

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