Stock Market Crash of 1929

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The Stock Market Crash of 1929 was the most devastating crash in U.S. history. It started on October 24, 1929 and the downfall ended in July 1932. I always wondered what caused this calamity. Before starting this report, I knew basic idea about the crash. It was a time of decline and huge fortunes were lost. Now I can figure out just why. The research process for my report was no easy task. The simple part was choosing my topic. As soon as I saw “Crash of 1929” on the topic list, I had my mind fixed on it. After selecting that topic, I did a couple days of basic research and got a feel for it. The harder part was choosing a question to base my report on. The first question that came to my mind was 'How did the 1929 crash affect the U.S. economy and viewpoint on the market itself?' It was too broad and when I tried to narrow it, there wasn't information. Then, I read an article that said a company call Bear Stearns survived the stock market crash. I wondered how this company could survive while all others failed. It sounded like a really good and interesting question. I was very disappointed when I could find barely any information. Finally, I developed my third research question. How could have the Stock Market of 1929 crash been prevented? I will use this to write my paper. To really understand why the crash occurred, some important facts must be known about the time period before it happened. The Roaring 20's was a time of success and prosperity. Some key things that happened were woman's rights, Prohibition, and industrial expansion. There was also huge production from World War I. Ford, GM, and Chrysler (aka Big 3) produced 80% of the cars in the U.S. The average income was up 20 percent. What many people don't know it that th... ... middle of paper ... ...upply, the fall wouldn't have been for such an extended time. This would lead to quicker recovery. The Great Depression most likely wouldn't have occurred. Compared to a traditional research paper, I think that the I-search report was definitely more interesting. It wasn't just boring research where you have to summarize and paraphrase. You actually have to do some deep thinking. The biggest thing that I learned from this paper is don't blindly follow what people tell you to do. Advertisement is misleading and potentially harmful. Do what you think is right! If those people had done that, they would be in such a terrible situation. The information that I learned will have a pretty big impact on my life. I have learned a few investing strategies from all the websites I have looked at. I will make smarter decisions and will not be stuck in the public misconception …

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