Was the stock market during the great depression?
440323
Why don't you simply google "stock market great depression" and see what you get. I just did and there is a ton of info. out there.
36720
Here's a statistic to blow your mind. The Great Depression caused 1 out of every 3 Americans to be unemployed. Only with Roosevelt's plan of giving them government project work did America rise back up as a renewed superpower.
771205
World War I/Great Depression
430140
The Great Depression of the late 20's and 30's was felt in all western industrialised nations. Nations that were mainly agrarian (based on agriculture) were little affected by it. Here, in Australia, (I'm guessing that you are in the USA) we had most of the workforce unemployed, businesses bankrupt, starvation and poverty rampant - as did all industrialised countries. Now that governments realise that it isn't all that important to balance the budget, they can start to spend, reduce tax or reduce interest rates (use methods to stimulate spending) if they see the economy heading down. These tools stimulate spending and give the economy a boost.heading that way.
415901
Economists agree that the Crash followed a speculative boom that had taken hold in the late 1920s, which had led millions of Americans to invest heavily in the stock market, even borrowing money to buy more stock. Banks lent heavily to fund this share-buying spree.\n\nThe rising share prices encouraged more people to invest, as they hoped the shares would rise further, thus fueling further rises, and creating an economic bubble. On October 24, 1929 (with the Dow just off its September 3rd peak from at 381.17), the "bubble" finally burst and panic selling set in. 12,894,650 shares were traded in the space of one day, as people desperately tried to dispose of their shares before they became worthless.\n\n\n\n12.9 million shares changed hands on Black Thursday 1929(a new record – 4 million shares was considered a busy day back then). Most of the panic took place in the morning hours. The ticker tape machine fell behind by an hour and a half leaving investors madly scrambling to sell their investments without even knowing the current prices. Panic set in. \nhttp://mutualfunds.about.com/cs/history/a/black_thursday.htm
65328
Basically, people were spending what they did not have.  It was a time of easy credit - people borrowed in their personal life and they borrowed to buy stocks - they bought on margin, meaning they only paid for a percentage, say 10%, of the stocks and borrowed the rest.\n\nWhen the value of the stock went down, they needed to pay the investment center money to keep that percentage.  Say they bought a stock worth $100 and paid $10 and borrowed $90.  That stock dropped to $50 and the bank was only willing to loan them 90% or $45 of that, so they had to pay $90 - $45 = $45.\n\nOne person couldn't afford to pay and they defaulted.   It cascaded from there like dominoes - as they couldn't afford to pay their debts, other people weren't getting paid and couldn't pay their debts.\n\nThe times before the great depression were pretty corrupt with some big money players manipulating the markets - getting together to buy stock and make it look like it was a good buy and going to go up, then when the public bought it and it went up, they all sold out and made money.\n\nToo much debt always brings a risk of recession or depression.  Just like today.
1119440
The Great Depression was a worldwide economic downturn, starting in 1929 and lasting through most of the 1930s. It centered in the United States and Europe, but had damaging effects around the world. The most industrialized countries were the nations that were affected the worst, including the United States, Germany, Britain, France, Canada, Australia, and Japan. Cities around the world were hit hard, especially those based on heavy industry. Construction virtually halted in many countries. Farmers and rural areas suffered as prices for crops fell by 40-60% [1] Mining and lumbering areas were perhaps the hardest hit because demand fell sharply and there was little alternative economic activity. It ended at different times in different countries; for subsequent history see Home front during World War II.\n\nhttp://en.wikipedia.org/wiki/Great_Depression
1187549
Depends on your age.  I'm 61 and still heavily invested in mutual funds . . . yes the current market tightens up my gut a little, but I don't need or want to use my money for at least 6 years.  I can't name a source but if you dig around a little, you'll see that stocks have averaged around 11%  a year over the last 75 years.  Yes, around 11% including the Great Depression years.
38871
The concept of consumer credit was new at the time of the GD and people were over-leveraged, meaning they bought more than they could afford, on credit. Businesses did the same thing and the banks were getting defaulted on all kinds of loans. Stocks were overvalued and investors panicked when the market began to correct. The government finally had to bail out the banks. Since then the Federal Reserve Bank has been cautious about controlling interest rates and money supply by regulating lending practices and measuring inflation. This helps stabilize the value of the dollar which in turn stabilizes the stock market.
81172
Yes, it takes place in the 1930's. Early in the book Atticus talks about a family affected by "the market Crash."
1082212
I think the issue is more then a depression. The United States is losing confidence throughout the world. Foreign and American investors are turning to Europe as the solidified economy. A depression indicates a periodic significant drop in the economy. I think its going to be much worse. It will be permanent. New jobs consist of unskilled and underpaid positions. When 10,000 Americans are applying for jobs that pay 8 dollars an hour, just so they can work, and basic fuel products, gasoline, natural gas, heating oil etc are skyrocketing, how are people going to afford this at 8 dollars an hour? We are watching the decline of the American dream and hence its empire. This is sadly written by someone who loves America.
350684
I just learned about this in class today. \n\nAn example would be the Great Depression. When the stock market was first 'invented', everyone put their money into the stock market because it just kept going on up. It was almost like a 'gravy train'. Because people didn't have a whole bunch of money, they would put things like their houses up for collateral for the banks. Even the banks put money into the Stock Market.As the prices rose, more and more people sold their stocks but this caused a panic because other people thought that there was something wrong with the stocks so they sold them too and asked for their money back from the banks. But since the banks had invested in the Stock Market, their stocks were losing money because no one wanted to buy them. In order to recoup their loses, the bank's called for all the collateral and loans back whick closed down factories which put people out of work and made them go to the banks to call for more loans. This pushed the banks into further debt whih caused the Great Depression. All because this little thing called the stock market came along.\n\n I don't know if that helped but I hope it did.
697097
One reason was a major draught (sometimes called the "dust bowl") which caused produce to cost a lot more and made many farmers poorer becasue they had no crops to sell.\n\nAnother reason was the lack of distribution of the wealth. The rich were very rich, and the poor were very poor.\n\nanother was a lack of federal safeguards for banks. when the stock market crashed, many people took out all their money and the major financial institutions failed.\n\nhere's a quote from one source:\n"The U.S. economy was also reliant upon luxury spending and investment from the rich to stay afloat during the 1920's. The significant problem with this reliance was that luxury spending and investment were based on the wealthy's confidence in the U.S. economy. If conditions were to take a downturn (as they did with the market crashed in fall and winter 1929), this spending and investment would slow to a halt. While savings and investment are important for an economy to stay balanced, at excessive levels they are not good."
302698
When Roosevelt was inaugurated in March 1933, the U.S. was at the nadir of the worst depression in its history. A fourth of the workforce was unemployed. Industrial production had fallen by more than half since 1929. In a country with limited government social services outside the cities, two million were homeless. The banking system was on the point of collapse. There was little violence, but most observers considered it remarkable that such an obvious breakdown of the capitalist system had not led to a rapid growth of fascism (as happened in Nazi Germany). Instead of adopting revolutionary solutions, the American people had turned to the Democrats and to a leader who had grown up in privilege.\n\n\nThe First New Deal, 1933-1934\nRoosevelt indeed had few systematic economic beliefs; he relied heavily on a Brain Trust of academic advisors from leading universities. He saw the Depression as partly a matter of confidence—people had stopped spending, investing, and employing labor because they were afraid to do so. As he put it in his inaugural address: "the only thing we have to fear is fear itself." He therefore set out to restore confidence through a series of dramatic gestures.\n\n\nBanking crisis\nA high priority in the first "Hundred Days" was stabilizing the financial system. By inauguration day, state governors in every state had ordered banks closed or placed restrictions on deposits (as bank closings increased, this created more panic as depositors in other states rushed to withdraw funds before a state-imposed holiday was declared in their own states).[3] Roosevelt issued Proclamation 2038 on March 6 ordering "all banking transactions" be suspended through March 9, "in order to prevent the export, hoarding, or earmarking of gold... or currency." On March 9, Roosevelt told Congress in person, "Our first task is to open all sound banks." To accomplish this he asked for and received emergency legislation giving him control over all banks. The same day he received authority to "open such banks as have already been ascertained to be in sound condition, and other such banks as may be found to require reorganization to put them on a sound basis." Thus, all the nation's 19,000 banks had to be inspected before they could reopen. In all, 4,004 banks never reopened; most were small, with an average of $900,000 in deposits. They were merged into stronger banks and eventually the depositors got about 85% of their deposits back. (Historical Statistics X741-7555) At first, Roosevelt opposed bank insurance, but in June he reluctantly signed the Federal Deposit Insurance Corporation (FDIC) law to insure bank deposits. Angered at efforts to manipulate the dollar-gold ratio by European speculators, on April 5th 1933, Roosevelt issued Executive Order 6102 that required all persons holding more than $100 in gold coin exchange it for paper money at face value. After January 1934, he then devalued the international value of the dollar by 40% in terms of gold, hoping to stimulate exports. (Freidel 1990 p 101-2)\n\n\nRelief\nDuring the first hundred days of his administration, Roosevelt used his enormous prestige and the sense of impending disaster to force a series of bills through Congress, establishing and funding various new government agencies. These included the Federal Emergency Relief Administration (FERA), which granted funds to the states for unemployment relief, and the Civilian Conservation Corps (CCC) to hire 250,000 young men to work on rural local projects, as well as the first Agricultural Adjustment Administration (AAA). The AAA tried to force higher prices for commodities by paying farmers to take land out of crops and cutting herds. In 1936, the U.S. Supreme Court found the AAA to be unconstitutional.\n\nRoosevelt's series of radio speeches, known as Fireside Chats, presented his proposals to the American public. The informal chats not only reassured liste
1137867
Scroll down to Sept 12, 2002 and several later quotes. \nhttp://www.forbes.com/markets/newswire/2003/09/02/rtr1070778.html
932030
Not badly, especially compared with the east and west coasts. There has been a downturn, but it's really been slight, partially because the market was not overvalued, and also because the state has enjoyed record economic growth and employment.
1134200
Recessions and the housing market are similar in their occurence.  The stock market is a good predictor 6-9 months before a recession.  It predicts a recession when the S&P 500 index crosses its 52 week moving average in a downward direction.  Right now, it is sitting right on the moving average.  If the stock market is down lower in the next week, a recession is likely within the next 9 months.  If the stock market rebounds, a recession, and hence the housing bubble bursting, is not yet on the horizon.