Money Forum World

Schnizer · Joined: 08 Nov 2007 Posts: 2133

Do you know any websites that show contrast between the stock market of 1929 and todays?
Hello.

I am a junior in high school, and I'm now doing a research paper about the stock market crash of 1929.

Mind you, I have already written five pages, and we need seven 10.
I am now in the place of my paper where I'm talking about how our nation changed due to market of 1929.

I know about FDRs New Deal and how the WW2 helped us climb out of Depression.

It could be great if someone could post a couple websites maybe to help explain todays view of the crash of 1929 and how it still effects today.

Thanks. Very Happy

Keri Hunter · Joined: 08 Nov 2007 Posts: 2119

Here are some good ones.

This one discusses what factors led to the depression, why it lasted so long, and what brought us out of it:
econ161.berkeley.edu/TCEH/Slouch_.

This one discusses some lessons of 1929 as applied today:
money.cnn.com/2004/10/26/markets/.

This one is a PDF file that discusses economic stability and the lessons of the crash of 29:
ecedweb.unomaha.edu/ve/library/AE.

The most important way this awful depression informs everything today is that nobody wants it to happen again. There are many safeguards in place now that weren't in place then i.e., banking laws, FDIC insurance, separation of banks and investment businesses though this last one has almost disappeared over the past ten years . In Oct.1987, when there was another big, frightening stock market crash, more safeguards were put in place, i.e., trading limitations and trading holds that take effect if a single stock drops too far or if the market all together drops too far. This is to prevent a run on the market i.e., everybody bailing out simultaneously and give people a day to calm down and let the market settle.

The last big market crash, which started in March 2000 and didnt really end till Fall 2002, was a slow but ruthless down trend. It hurt many investors, but the speed of the crash was slow and there were many opportunities to get out.