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The crash instigated widespread and long-lasting consequences for the United States. Historians still debate whether the 1929 crash sparked the Great Depression [53] or if it merely coincided with bursting a loose credit-inspired economic bubble. Only 16% of American households were invested in the stock market within the United States during ...
After the Wall Street crash of 1929, when the Dow Jones Industrial Average dropped from 381 to 198 over the course of two months, optimism persisted for some time. The stock market rose in early 1930, with the Dow returning to 294 (pre-depression levels) in April 1930, before steadily declining for years, to a low of 41 in 1932.
Golden Fetters: The gold standard and the Great Depression, 1919–1939. 1992. Feinstein. Charles H. The European Economy between the Wars (1997) Garraty, John A. The Great Depression: An Inquiry into the causes, course, and Consequences of the Worldwide Depression of the Nineteen-Thirties, as Seen by Contemporaries and in Light of History (1986)
A Rabble of Dead Money: The Great Crash and the Global Depression: 1929–1939 (PublicAffairs, 2017), 389 pp. popular economic history; also see online review Ossian Lisa L. The Depression Dilemmas of Rural Iowa, 1929–1933 (University of Missouri Press, 2012)
A Rabble of Dead Money: The Great Crash and the Global Depression: 1929–1939 (PublicAffairs, 2017), 389 pp. online review Archived 2017-04-24 at the Wayback Machine; Morris, Richard B. Encyclopedia of American History (1953 and later editions) online; Murray Robert K. The Harding Era 1921–1923: Warren G. Harding and his Administration.
By the spring, he was down over $6 million on paper. However, upon the Wall Street Crash of 1929, he netted approximately $100 million. [6] Following a series of newspaper articles declaring him the "Great Bear of Wall Street", he was blamed for the crash by the public and received death threats, leading him to hire an armed bodyguard. [10]
From the depression of 1920–1921 until the Great Depression, an era dubbed the Roaring Twenties, the economy was generally expanding. Industrial production declined in 1923–24, but on the whole this was a mild recession. [26] [34] [35] [36] 1926–1927 recession October 1926 – November 1927 1 year 1 month
The recession of 1937–1938 was an economic downturn that occurred during the Great Depression in the United States.. By the spring of 1937, production, profits, and wages had regained their early 1929 levels.