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The Wall Street Crash Was Inevitable

            There are several factors that made the Wall Street crash inevitable. There was an overproduction in American industry, the wealth was not evenly distributed, there was a restricted market for US goods in other countries, speculators "played" the market with borrowed money and there was an enormous panic to sell shares in October 1929. .
             New methods of mass-production and mechanisation meant that production of consumer goods had expanded significantly. There was an over production-more was being made then could be consumed and the market couldn't handle it. The people who could afford the goods had bought what they wanted but too many goods were reaching the market and there weren't enough people who could afford to buy them. .
             The wealth of the 1920's wasn't evenly distributed among the American population. Almost half of the American families had an income of less then $2000 a year that was a level of income that only bought the bare necessities of life. Farmers and farm workers were just barley scraping a living and new immigrants were given the lowest paid jobs. The African Americans were constantly discriminated against. The majority lived in poverty, both in the rural south and northern cities. Workers still in the old industries were paid very low. The smashing of the trade unions meant that workers had little power to bargain for better wages. .
             US goods had a restricted market in other countries. Its was unable to sell its surplus products to other countries especially Europe despite it being a big market. The European countries couldn't afford American goods because they owed the USA reparations due to the war and were struggling to pay them back. The US government had also put high tariffs on imported goods and American businesses were too strong to let European companies sell their products to America to earn enough money to buy American goods. .
             American businesses were so successful that they made the market do extremely well.


Essays Related to The Wall Street Crash Was Inevitable

1. Stock Market Crash of 1929

On Tuesday morning, out-of-town banks and corporations called in $150 million of loans, and Wall Street was in a panic before the New York Stock Exchange opened. ... October 29 was the beginning of the Crash. ... The headline proclaimed "Prices of Stocks Crash." ... There were moments of unease in the late 1920s, before the 1929 crash, but there was always recovery. This, too, was a symptom of the inevitable. ...

  • Word Count: 1171
  • Approx Pages: 5
  • Grade Level: High School

2. September 11, 2001

Four passenger airplanes had been hijacked and crashed as bombs in the United States: two into the World Trade Center Towers leveling them both, one into the Pentagon ripping a section into, and one nose-dived into a field in Pittsburgh leaving a twenty-five foot deep crater. ... With unemployment inevitably expected to increase, my opportunity to secure a promising position is sure to decrease. ... On Wednesday, September 19th, just two days after Wall Street reopened, I read this from MSNBC News, "The Dow and the NASDAQ closed with moderate losses Tuesday, stabilizing somewhat after Mond...

  • Word Count: 535
  • Approx Pages: 2
  • Grade Level: Undergraduate

3. Hitler - Chancellor of Germany

As well as this however, several other factors contributed to this significant milestone in his rise to power, such as a lack of confidence and belief in the Weimar Republic after the Wall Street Crash. ... This was duly seen in the 1929 Wall Street Crash, which plunged Germany into recession and led to 6m people being unemployed by 1932. ... Hitler was so confident from this support that he had turned down the chance to become vice chancellor previously, believing that with huge public support it was an inevitability. ...

  • Word Count: 1162
  • Approx Pages: 5
  • Grade Level: Undergraduate

4. Compare and Contrast the causes of the First and Second Worl

The Kaiser began to feel increasingly endangered by the perceived encirclement of the entente powers and so resorted to militarism, as illustrated through the arms race, a situation which would inevitably earn the concern and anger of Britain with Germany's obsession with the growth of their navy. This along with his militaristic alliances, plans made on a war footing and aggressive foreign policy convinced Europe that a war was inevitable. ... The effect of WWI, economically, had been great but the so called Great Depression that followed as a result of the Wall Street crash was in scale...

  • Word Count: 2024
  • Approx Pages: 8
  • Grade Level: Undergraduate

5. Weimar Republic

In 1924 Adolf Hitler said "the state itself has become the biggest swindler- As it was, the fledging Republic started off badly, found some stability in the period 1924-1929 and then collapsed after the Wall Street Crash. ... A succession of coalition governments will inevitable, with the Social Democrats having to rely on co-operation from left-wing Liberals and Catholic Centre, no party was able to carry out its programme. ...

  • Word Count: 2459
  • Approx Pages: 10

6. Was The Collapse Of The Weimar Republic Inevitable?

Was the collapse of the Weimar Republic inevitable? ... Main: Considering the factors which surrounded the Weimar Republic at the time, and with hindsight, it would be fair to say that their collapse was indeed inevitable. ...

  • Word Count: 2027
  • Approx Pages: 8
  • Grade Level: Undergraduate

7. Explore the theme of Dreams in

For society as a whole the American dream ended with the stock market crash on Wall Street in 1929.This was the start of the Great Depression that would affect the whole world during the 1930's. ... The crash of the Macon, a helium-filled dirigible, mirrored the collapsing fortunes of Californians everywhere. ... "Steinbeck said that Lennie represents 'the inarticulate and powerful yearning of all men,' and referred to its scene as a microcosm, making it plain that this novel was meant to express the inevitable defeat and futility of all men's plans." ...

  • Word Count: 1378
  • Approx Pages: 6

8. Hitlers Rise To Power

It came as a shock to some people but many believed that Hitler's rise to power was inevitable. ... In addition to that due to the Wall Street crash the increase in economic trouble in Germany in the late 30s ironically helped the Nazis gain voters, as they claimed to have all the answers. ...

  • Word Count: 1297
  • Approx Pages: 5

9. Roosevelt

In the 1920's mass production had become inevitable to supply the American people when they embraced the automobile, over "60 percent"1 of American households owned at least one motor vehicle. ... Overproduction and the Wall Street Crash 1929 caused the then prospering America that President Hoover had inherited in 1928 to plummet into The Great Depression and Hoover soon saw his vision of free enterprise collapse due to the aftermath of the above events. ...

  • Word Count: 1265
  • Approx Pages: 5
  • Has Bibliography
  • Grade Level: Undergraduate

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