Stock Market Crash of 1929

By: Ryan Keller

Introduction

The stock market reached its peak in 1929. People began to see the stock market as a sure investment. People took out too much money out of banks, causing the banking system to collapse. The stock mark soon followed because of the direct investments of the banks into the stock market, causing the Great Depression.

Recovery

The U.s. recovers

It took the United States many years to come back after the Great Depression. This was because of the long recovery period of the banking industry and the stock market, at one point stock prices dropped to 80% of their peak prices. However, when the United States recovered from this economic depression it established itself as a world power.