What Caused the Stock Market Crash of 1929?

We will stroll through some very important history this morning that is about to repeat itself with some videos and some articles.  I encourage you to watch the videos to learn and read the articles to have a better understanding of who actually is running things and the lengths they will go to implement the policies they want.   

We are repeating history, all at the hands of the DS, just like back in 1929.  They do these things to usher in new policies, and in this case in 2022 to over throw The United States of America, the GREATEST country on earth, and usher in NWO or One World Government.    

It is very important to pay attention to everything that is happening right now, because its all happened before.  This is their playbook…God Bless all of you and your families!

Love,

“O come, let us worship and bow down: let us kneel before the LORD our maker.”  Psalms 95:6 (KJV)

Listen To The Article Below

 

T

he stock market crash of 1929—considered the worst economic event in world history—began on Thursday, October 24, 1929, with skittish investors trading a record 12.9 million shares.

On October 28, dubbed “Black Monday,” the Dow Jones Industrial Average plunged nearly 13 percent. The market fell another 12 percent the next day, “Black Tuesday.” While the crisis send shock waves across the financial world, there were numerous signs that a stock market crash was coming. What exactly caused the crash—and could it have been prevented?

A Stock Market Peak Occurred Before the Crash

During the “Roaring Twenties”, the U.S. economy and the stock market experienced rapid expansion, and stocks hit record highs.

The Dow increased six-fold from August 1921 to September 1929, leading economists such as Irving Fisher to conclude, “Stock prices have reached what looks like a permanently high plateau.”

The market officially peaked on September 3, 1929, when the Dow shot up to 381.

By this time, many ordinary working-class citizens had become interested in stock investments, and some purchased stocks “on margin,” meaning they paid only a small percentage of the value and borrowed the rest from a bank or broker.

Additionally, the overall economic climate in the United States was healthy in the 1920s. Unemployment was down, and the automobile industry was booming.

While the precise cause of the stock market crash of 1929 is often debated among economists, several widely accepted theories exist.

The Market—And People—Were Overconfident

Some experts argue that at the time of the crash, stocks were wildly overpriced and that a collapse was imminent.

That same sense of reckless overconfidence extended to average consumers and small investors, too, leading to an “asset bubble.” The crash happened after a long period of rising market growth that led to consumer overconfidence.

In fact, after 1922, the stock market had increased by nearly 20 percent each year until 1929.

 

 

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