1929 Wall Street Stock Market Crash
The most devastating stock market crash in the history of the United States;
Its from my favorite documentary by PBS – New York.
This particular part about Wall Street crash of 1929 is from episode 5 of the series with title: Cosmopolis
there are lots of archive photos, footages and drawings throughout the series and in my opinion it was great work done with finding them.
series website:
http://www.pbs.org/wnet/newyork/series/index.html
“Archival shoots took place at various historical and cultural institutions, including the New-York Historical Society, the Museum of the City of New York, and the Library of Congress, and focused on the filming of particularly rare or large-scale archival prints, lithographs, maps, and photographs”
Duration : 0:10:5
[youtube RJpLMvgUXe8]
Tags: $$$, 1929, black, blue, chips, crash, credit, crunch, depression, DJIA, Great, JP, Morgan, NYSE, recession, Rockefeller, stocks, street, trading, Tuesday, wall
October 25th, 2009 at 8:45 pm
Hmmm. . . …
Hmmm. . . interesting how the banks saved their durign that time.
It seems that they knew on thurday the 23 that the jig was up and with all the investors selling they KNEW that they could have taken a huge hit. So . . . they pumped in enough money to stabilize the stock a little on Friday and then while the stocks were somewhat stabilized they pulled out before being seriously hit.
October 25th, 2009 at 8:45 pm
Stocks will go up …
Stocks will go up as well as Gold and Silver. We see the Dow bottomed last year at 6,600. The U.S. Dollar has had it and that’s why stocks are rising with Gold and Silver. Hyperinflation is around the corner and the stock market is reflecting this fact along with the metals. I like Silver ($588) better than Gold ($10K) but both are great investments and will return more money than the stock market (32,000).
October 25th, 2009 at 8:45 pm
Well if youre stuck …
Well if youre stuck sitting around watching YouTube videos anyway you might as well be making some money investing properly.. try the newsletter at authoropen . com
October 25th, 2009 at 8:45 pm
such a good …
such a good documentary. nothing or nobody ever explained this crash to me quite as well.
October 25th, 2009 at 8:45 pm
Hate to burst …
Hate to burst anyone’s “bubble” but the crash of 1929 was engineered by the Fed. The crashed the market, retracted the money supply by 30% and the Great Depressions ensued. BUT GREAT FOOTAGE… really enjoyed that….
October 25th, 2009 at 8:45 pm
Glenn Cionek …
Glenn Cionek believes that the Great Depression couldn’t have been much worse than this
October 25th, 2009 at 8:45 pm
buy gold and silver …
buy gold and silver… there is realy not to much time now anymore. and go out of stocks asap!
October 25th, 2009 at 8:45 pm
Who said history …
Who said history doesn’t repeat itself.? We are pack to square one…….Only this time the Government is in it as well………..
October 25th, 2009 at 8:45 pm
Ready for a replay?
Ready for a replay?
October 25th, 2009 at 8:45 pm
Problem was that …
Problem was that countries like Germany under Stresemann had grown prosperous, but from large loans which put them in a very bad position when the stock market crashed.
October 25th, 2009 at 8:45 pm
search for deep …
search for deep conscious capitalism
October 25th, 2009 at 8:45 pm
Please see the NEW …
Please see the NEW Wall Street Professional social website for college students and financial professionals
Keyword: StreetRede
October 25th, 2009 at 8:45 pm
the time before …
the time before this is when white people really began the ‘my don’t stink’ era once again since the renaissance. then the crash happened and, ho my god, being white couldn’t manifest money. who’d a thunk it.
October 25th, 2009 at 8:45 pm
The biggest bubble …
The biggest bubble isn’t “trash stocks”, it’s stocks in general. The P/E of the S&P 500 is now at an incredibly high 140 !!! Historically, the P/E is around 15, maybe 16 in times of economic expansion. In order for the P/E of the S&P 500 to be at 15, the index itself should be around 112. That’s a long, long way down from the over 1000 that the S&P is currently at.
October 25th, 2009 at 8:45 pm
Freak:
Dow Jones: …
Freak:
Dow Jones: 9605 Sept 11 2001
Dow Jones: 9605 Sept 11 2009
October 25th, 2009 at 8:45 pm
Buy silver.
Buy silver.
October 25th, 2009 at 8:45 pm
does this sound …
does this sound familiar. I predict that the stock market will hit 4,500 in the year 2010
October 25th, 2009 at 8:45 pm
is called buying …
is called buying climax, when also your grandmother want to buy crude oil future:)
October 25th, 2009 at 8:45 pm
Lol it was well …
Lol it was well planned, Think about how much money the Morgan’s would have made ;D
They sold all that money into the stock market with interest. What a perfect way to sell you’re product, money.
October 25th, 2009 at 8:45 pm
And just like oil …
And just like oil at $145 a barrel. Everyone and their mother were talking about buying commodities and then POOF Oil went to $35/barrel!
October 25th, 2009 at 8:45 pm
It does make one …
It does make one think.
.
October 25th, 2009 at 8:45 pm
And just like the …
And just like the shoe shiner at 2:40, same thing happened to real estate in 2006.
I started selling all my properties when not only; people were jumping all over bidders back going 15% higher than asking price,;but also because I was seeing people who were poor getting half million dollar homes.
And then POOF. Real Estate was done.
October 25th, 2009 at 8:45 pm
Although history …
Although history repeats itself, I believe the next drastic history on the scale of the 1929 crash will be one that we cannot think of.
Perhaps we stay in a bear market down for 20 years. Or maybe the same substantial fall will happen to the upside. Maybe we go up the same amount we had fell in 1929. Everyone who shorted stocks today or sold will be jumping off roofs. Maybe the Nasdaq gets to 6000 tomorrow.
My point is…it’s going to be something unimaginable at this moment.
October 25th, 2009 at 8:45 pm
Stocks are by …
Stocks are by nature risky. I would let people make money from their expertise. Look at how ezdia can help you trade your expertise
October 25th, 2009 at 8:45 pm
Thanks for sharing …
Thanks for sharing this video :]