Stock market Crash of 1929
Cause of the Cash
The cause of the U.S. Stock Market crash happened during the 1920's. In August of 1929,the market reached it's peak, after a period of wild speculation. Unemployment had risen and production rates declined,leaving stocks in greater self value. Other causes of the collapse were low wages, proliferation(increased) of debt, a struggling agricultural sector and an excess of large bank loans that couldn't be used.
Who was effected
The Stock Market crash effected many people to lose anything and become poor. The new York exchange traded 16,410,030 shares on "Black Tuesday" (October 29) in which stock prices collapsed completely in a single day.Billions of dollars were lost, wiping out thousands of investors, and stock ticker ran hours behind because the machinery could not handle the tremendous volume of trading.
Connection to "To Kill A Mockingbird"
The Stock Market crash of 1929, lead to the great depression and then caused people to become poor, like the Cunningham's and Ewell's. After October 29, 1929, the stock prices had nowhere to go but up, considerable recovery during succeeding weeks. Overall, however, prices continued to drop as the untied States slumped into the Great Depression.