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The Stock Market Crash of 1929

Dear Family and Friends, 3/7/31

There is no purpose in life for me any more. Without the store to provide an income for me, my family will starve. Father, I am sorry that I have gotten you into this mess. I should have never borrowed money from you to start the store, and it is because of me that you have no money. I persuaded you to buy stocks, which you lost when the market fell. I am dearly sorry about Andrew, who I, in my rage over the bankruptcy, have killed. Do not mourn me, for I was only a burden on society. I wish good luck to everyone in these horrible times.

John Sharp (Based on true actions of family members)

This suicide is an example of what many people experienced after Black Thursday. Following a steady stock market increase in the 1920’s, on October 24th (Black Thursday) the stock market crashed and almost 13 million shares were sold (Beil 51). This progressing bear market, a stock market trend of falling prices (Beil 56), caused many people to lose their money and their livelihoods. The gross national product declined by over half from the 1929 figure of $130,828,000,000 to $55,760,000,000 in 1933 (“Great Depression” par 1). Money invested in the stock market plummeted

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Approximate Word count = 1107
Approximate Pages = 4 (250 words per page double spaced)

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