The Stock Market Crash of 1929

Was the Stock Market Crash as terrible as some say it was? Indeed they were right because as stock prices dropped; this caused confusion and panicking among people. This led many Americans to make bad judgements turning into mistakes which lead to the Great Depression. Looking further at these bad judgements and mistakes will show how terribly the Stock Market Crash effected the lives of many Americans in the late 1920’s. However first explained will be the steps leading up to the Stock Market Crash and the causes because it will make the whole concept of the Stock Market Crash easier to understand.

Before the crash had happened the United States and many countries around the world was really accelerating in the fields of industrialization and technological improvements. This era was also known as the roaring twenties and during this era wages increased, consumer spending increased, and the stock prices rose. People believed that this boom period would continue so peopl...