1929 Stock Market Crash and the Great Depression - Documentary

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  • Published on:  Friday, July 6, 2018
  • Brief History of that other economic designed crash of 1929
    BBC documentary

    On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression (1929-39), the deepest and longest-lasting economic downturn in the history of the Western industrialized world up to that time.

    1929 Stock Market Crash

    During the 1920s, the U.S. stock market underwent rapid expansion, reaching its peak in August 1929, after a period of wild speculation. By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. Among the other causes of the eventual market collapse were low wages, the proliferation of debt, a struggling agricultural sector and an excess of large bank loans that could not be liquidated.

    Stock prices began to decline in September and early October 1929, and on October 18 the fall began. Panic set in, and on October 24, Black Thursday, a record 12,894,650 shares were traded. Investment companies and leading bankers attempted to stabilize the market by buying up great blocks of stock, producing a moderate rally on Friday. On Monday, however, the storm broke anew, and the market went into free fall. Black Monday was followed by Black Tuesday (October 29), in which stock prices collapsed completely and 16,410,030 shares were traded on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors, and stock tickers ran hours behind because the machinery could not handle the tremendous volume of trading.


    1929 Stock Market Crash and the Great Depression

    After October 29, 1929, stock prices had nowhere to go but up, so there was considerable recovery during succeeding weeks. Overall, however, prices continued to drop as the United States slumped into the Great Depression, and by 1932 stocks were worth only about 20 percent of their value in the summer of 1929. The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America’s banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce.

    #Market #Crash #GeatDepression #documentary_films #Documentary #Full_Documentary #doсumentary #full_doсumentary #Doсumentary_Films #Documentaries


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  • Source: https://youtu.be/qlSxPouPCIM
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Comment

  • Sammy Sam

    Sammy Sam

     11 hours ago

    The Great Depression was a test run for the wealthy. Ever since then, each recession that has occurred, wall street and the banks were bailed out, not main street. As each recession came and went, the wealth has always gone up for the 1% while the 99% has lost more and more. Each recession has seen the military enlistment numbers go up and more aggression across the world to benefit the military Industrial Complex, Fossil Fuel Companies, Big Pharma, Big Insurance, and so on. It's a rigged game designed and played by a big club and we ain't in it

  • Mason Beedie

    Mason Beedie

     22 hours ago

    Ha







    my life is a great depression

  • MonkeyTBush834 :

    MonkeyTBush834 :

     2 days ago +1

    Who else is here because they just watched Hazbins Hotel

  • gwd109

    gwd109

     2 days ago

    Crash was planned an caused by Rothschild/Rockefeller families an agents. Warburg worked for them though

  • Justin Brimer

    Justin Brimer

     2 days ago

    25 billion did not disappear the fucking bankers got rich on the backs of the American people.

  • MrJohn188

    MrJohn188

     3 days ago

    Govt involvement is what caused the great depression. This doc only perpetuates the myth that free markets are dangerous. We've learned nothing.

  • gold star

    gold star

     4 days ago

    Peter Strzok PDF FILE - https://dougcollins.house.gov/sites/dougcollins.house.gov/files/06.27.18%20Interview%20Of%20Peter%20Strzok.pdf?utm_source=Collins+Judiciary+Press+List&utm_campaign=96979c2884-EMAIL_CAMPAIGN_2019_03_14_11_47&utm_medium=email&utm_term=0_ff92df788e-96979c2884-170094753  REAL POLITIC. POL DATA - https://www.realclearpolitics.com/epolls/2020/president/ia/iowa_democratic_presidential_caucus-6731.html   ***************************************************************
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    ⚡CORRUPTION⚡ Кто и в каком количестве получает зарплату в конвертах в партии "Слуга народа", - вещает Крюкова - https://www.youtube.com/watch?v=ByWFw4OfygQ  
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    ⚡‍️⚡‍️GOD; THEY CAUGHT THEM ALL! - https://www.pinterest.ph/pin/524387950357979276/ Умер "большой друг Украины": в США из жизни ушел сенатор-республиканец Джон МакКейн 26.08.18 - https://www.youtube.com/watch?v=Rd2p1rWW_l0 18. jul. 2018 - https://www.youtube.com/watch?v=rf6gLzWZorI

  • Sodbuster346

    Sodbuster346

     4 days ago

    What year is this documentary

  • Tony Martalk

    Tony Martalk

     5 days ago

    lest we forget

  • Timothy Kingsley

    Timothy Kingsley

     5 days ago

    Kennedy was an ordinary folk?he made a shit load of money bootlegging, making money with mobsters.

  • Jagdish RAMANATHAN

    Jagdish RAMANATHAN

     7 days ago

    every new generation makes same mistake as the old generation. hence history repeats .

  • Arlene Johnson

    Arlene Johnson

     7 days ago +1

    The government will repeat what it did in 1929 because people don't learn from history so history can be repeated over and over again ad nauseam.

  • Arlene Johnson

    Arlene Johnson

     7 days ago

    The FDIC only has 25% of the funds to compensate American depositors; the other 75% of the people who lose money when the banks close will be out of luck. Moreover, the law says that when you deposit money into a bank, it belongs to the bank by law. Depositors are at the lowest end of the scale in terms of recouping their money when the banks close. So my advice is to keep as little money in your bank account as you possibly can, just enough to cover your bills. And buy at least silver from a reputable dealer, and if you can buy gold too of your own country that you hold in your hands.
    Peace,
    Arlene Johnson
    Publisher/Author
    http://www.truedemocracy.net

  • iain hill

    iain hill

     7 days ago

    I take it that everyone is watching this particular "very subtle device",of propaganda...that..only the b.b.c. couldve put together...remember..remember the 5th november..(the last person with honest motives to enter the houses of parliament?),,for those of you in the colonies...we are still the bankers!!..watch out for the propaganda and lies that the uk spins your way!!(meanwhile..theres people "here",that think you are in charge!!),,questionable indeed!!😉😆

  • Bretton Ferguson

    Bretton Ferguson

     7 days ago

    "Billions of dollars just disappeared" Yeah BS. It didn't disappear. It went into someone's pocket. They want you to believe it just disappeared.

  • Gerçek Aşk

    Gerçek Aşk

     7 days ago +8

    Have you heard the greetings and blessings of Allah and His Messenger on you ?

      However , did you know that our Prophet was a forgotten circumcision and that we found love with a dhikr for 15 minutes in the darkness of the night and in the light of the day ?

      You must read the ways of Uwaysi ' s Love !
    loveofuwaysi book veyselkarane . com or
    Amazon com website

  • Sigmundy Freud

    Sigmundy Freud

     7 days ago

    Burn us wallstreet dollar and worldwide corrupted élites of thé world .

  • joe droide

    joe droide

     7 days ago

    Basura sentimentaloide.

  • Eric Johnson

    Eric Johnson

     7 days ago

    The crash itself didn’t put America into the Great Depression. The markets were self correcting by the end of 1929 and beginning of 1930. It was the policies of Hoover and lawmakers that caused the Great Depression. Roosevelt and lawmakers actually prolonged the period until WW2.

  • Daniel Simpson

    Daniel Simpson

     7 days ago +6

    The crash was planned just like everyone since..Biggest legal ripoff created by the elite..