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Stock Market Crash Of 1929 Essay

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Before the Great Depression
It was 1914 the United States has just entered World War 1, the first major war that involved nations of stronghold countries. In order to have a mere chance of winning against these ruthless opponents the USA needed to raise money to pay for the war and they needed it fast. As an easy way for them to raise such large amount of money the government raised taxes it also sold "Liberty Bonds" which permitted Americans to help the government pay for the war by buying them and later these bonds were paid with full value plus interest. The "Liberty Bonds" may have been a hit during the war but by the end of World War 1 the United States found itself with a $25 billion debt. (1914-1918) to the Great Depression - TreasuryDirect.
After four years of war the then President Wilson negotiated an end to conflict by proposing a 14-point plan. The plan included an end to secret international agreements, free trade between nations, a reduction in national armaments; self-rule for those subjugated European nationalities, and the formation of an association that was known as the League of Nations, …show more content…

The morning of October 24, 1929 the stock market prices took a dive as investors traded 16,410,030 shares in a single day which caused national panic as billions of dollars were lost causing thousands of investors to wipe out. The stock market crash has been at many times cited as having been caused by the lack of order the stock market had. Many Americans faced with decline of the stock market rushed to sell their stocks which caused the stocks shares to rapidly be devalued; many Americans had invested in the stock market during the Roaring 20s, a time where the economy prospered. Even as the stock market spiraled downward the government did not intervene in economic issue due to it being very small and virtually no say on the

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