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This video explains some of the causes and effects of the great depression and the 1929 stock market crash known as "Black Tuesday".

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The 1929 stock market crash had many causes, but the biggest one was the false confidence of consumers during the early part of the 1920's. The victory in WWI had boosted the American economy to new heights, which gave consumers a large amount of confidence in the American economy's strength. Because the American people had so much confidence in the economy, more and more people started to take out bank loans from the country's banks. This increase in loans taken out started to create a large bubble in the economy, because the banks could not afford to pay back all of the loans that were taken out. These loans were then all cashed in in a short period of time once people started to calm down about the economy's strength. Because the banks could not afford to pay back all of these loans at once, they started to have to borrow money from other sources, like the government. Once this downward cycle started, people started to get scared, so the people who had money invested in stocks started to sell off their stock shares in fear of an economic collapse. This large volume of shares sold popped the bubble that the loans taken out had created, which led to the complete collapse of the American economy, known as the 1929 Depression.

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The stock market crash of 1929 affected the American society in many ways. Some of the effects that it had are still felt today in American society. Out of this collapse came the creation of the FDIC, to keep people from losing their money if a bank fails. The widespread panic that came out of the depression created a heightened sense of awareness among the American public of the strength of our economy. This sense of awareness created a more stable platform for American investors on Wall Street, because people were more careful about borrowing money from banks and selling large volumes of stock shares at the first sign of danger in the market. The effects of the 1929 stock market crash were felt very heavily by citizens across the nation up until around 1954. These effects are all important in shaping the economic history and future of our country. Because of some of the results of the stock market crash and great depression, we will never do business the same way again in America.

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Deluge: A sever flood or downpour.
DJIA: Dow Jones Industrial Average
Realty: Real estate property and land/home ownership
Ticker Tape: Tape used as proof of transaction of stock on Wall Street
Exchange: Used in source as a synonym for Wall Street; somewhere that people buy and sell shares of stock on Wall Street.

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This flyer from the time of the stock market crash shows how much panic and chaos the crash caused. A man who had invested heavily in stocks and realty came up missing right after the market crashed, which happened quite a bit to very rich and successful people during the roaring 20's market crash. The flyer says that his wife last saw him tearing the ticker tape used to exchange stocks to bits in frustration. To tear the ticker tape up and ruin all of your transactions means that it is basically worthless, and so this man had the realization that his stocks that he had invested millions of dollars in had now dropped in value more than 300%. This would be a scary reality for anyone, especially someone who had that much money invested in the stock market before the big crash. Many people were so heavily affected by the crash that they were turned from millionaires to homeless in a matter of hours. This is one of the most devastating effects of the 1929 stock market crash.

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This graph shows the numbers side of the 1929 stock market crash. In just half a day, the price of the Dow Jones Industrial Average (DJIA) fell from over $360/share down to below $240/share. This drop continued for another week at almost the same rate, bringing the DJIA price to below $100/share. As people sold stock at nearly 5 times the rate of normal exchange, the stock market's strength decreased until it created a full blown depression. This depression lasted for a long time, and the DJIA was not able to recover to it's highs until after 1954. After this drop in the stock market's strength, people panicked, and the value of homes, land, property, and almost everything crashed. Because of this crash, the US economy was plunged into one of the biggest economic nationwide depressions in history.

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This Daily Mail article from the day of the big crash of 1929 shows the amount of panic that resulted from the crash. As the article very clearly points out, that was the largest stock market crash in the history of the American economy in 1929. The information provided to the people who read this newspaper tells a lot about how big of a deal this crash was. The paper says that more than 19 million shares of stock were sold that day, creating a price fall like nobody had ever seen before. The newspaper puts it as "Prices fall like an avalanche," and this very accurately describes the trend of the stock prices on that day. When it says that panic swept the market and overwhelmed Wall Street, it means it. People were selling stock at a rate that was more than 4.5 times the normal exchange rate.

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1929 Stock Market Crash: Causes and Effects

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1929 Stock Market Crash: Causes and Effects

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https://www.youtube.com/watch?v=wdN20p9xlGo

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The Stock Market Crash of 1929 - Causes and Effects

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https://www.thebalance.com/stock-market-crash-of-1929-causes-effects-and-facts-3305891

Explanation: This website relates the causes and effects of the 1929 stock market crash to events that have happened in the past few years, and also contrasts the effects that the same crash would have today to the effects that it had back then. This is interesting because of the differences in the impact it would have today with the impact it actually had back then.

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The Stock Market Crash That Launched the Great Depression

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The stock market crash of 1929 signaled the Great Depression. Learn about what happened, the causes, and the effects.

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http://www.pbs.org/fmc/timeline/estockmktcrash.htm

Review: The first problem with this website that I see right off the bat is that the text and pictures are too small to read easily, and the menu for navigation makes maneuvering through the website more difficult than most other websites. Other than these main problems the website is quite helpful in terms of information about the time period. I would like to see larger pictures that go with the text provided a little bit better, and maybe a little bit more detail in the information given, but other than that the website is historically accurate and pretty helpful in understanding the topic.

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The First Measured Century: Timeline: Events - Stock Market Crash

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http://www.dhahranbritish.com/history/A9_stockMarket.htm

Review: The website at first looks like an unreliable source, but upon further inspection the information is very historically accurate and well written out. The visual appeal is not as good as I would hope, and the navigation of the website is a little difficult due to the small size of the navigation bar and menu text. Other than this the website provided great information and was very helpful with understanding my topic.

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The situation was made worse because there were almost no controls on the buying and selling of shares, or on the setting up of companies. Shares could be bought on street corners and many people sand their life savings into the stock market. Some companies did not actually manufacture anything, but just bought and sold shares.

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http://www.history.com/topics/1929-stock-market-crash
Review: Overall a very good website. Though a little bit difficult to navigate at first, the content was very good and reliable in terms of factual accuracy. The pictures that are included in the website to help understand the text are quite helpful and very well chosen and placed. Overall a very well built and written website with great information about this topic.