On Thursday October 24, 1929 at 10:00am the stock market bell went off at the New York Stock Exchange, stocks were plummeting down. Montgomery ward’s shares were selling for $83.00; the shares were previously $156.00 per share. That day will be forever known in history as “Black Thursday”. The crash led to bigger problems our society would endure; it would turn out to, to be the worst recession our country would ever have. Many people think that the market crash was the cause of the depression, the crash weakened our economy therefore making us less resistant towards any existing defects, and those defects could multiply rapidly and bring down the whole nation.

The Great Depression did not just happen there were many factors that contributed to the depression like the United States international credit system, economic dependency, and international trade policies. The big struggle for the American people was the grueling journey of the depression that would last 11 years. Before the stock market crashed the economy was booming, months preceding the crash, stocks steadily rose in the summer with a total of $67 billion dollars, up from $27 billion i

Some topics in this essay:
American Europe’s, Stock Exchange, Treaty Versailles, World War, Public Administration, President Hoover, War II, Tariff Act, Dark Age, Germany Germany, stock market, dust bowl, pump money economy, reparation payments, international trade, depression 11, market crash, market crashed, europe’s economy, stock market economy, dust storms, market economy,