The 1929 Stock Market Crash - Black Thursday - Extra History

📜 The 1929 Stock Market Crash: Black Thursday - With our current economic climate being... dubious, we thought that it would be a good time to look at another economic disaster in American history. Just six months before Herbert Hoover gave a speech highlighting the economic success The 1929 Stock Market Crash which is closely tied to the Great Depression and felt like it came out of nowhere. But that might be a bit of a misconception. We explore what kicked off the drop, what people did to try and stop/slow it down, and why stock markets and the Economy are NOT the same thing.


#ExtraHistory #StockMarket #History

[beretperson]

Hoover: "the future of our country is bright with hope."

Narrator: "it wasn't."

[guruguru]

Buying on Margin in a nutshell:
"Take all the loans, it's free money, stonks only go up!"
"... But what if they go down?"
And then the market imploded.

[RichardMoore-jgtl]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[tonysilke]

Biggest lesson i learnt in 2024 in the stock market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.

[QuestionEverythingButWHY]

“Older men declare war. But it is youth that must fight and die.”
― Herbert Hoover

[ObligedUniform]

"Stuffed with bad loans"

Well glad to see wall street never actually learns their lesson.

[PremSteve-ygde]

I feel investors need to be focus on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[theletterwynn]

"Buy buy buy! Man, this is great! The market is going to go up forever!"
"But what if it doesn't?"
"Oh crap, I never thought of that! Sell sell sell!"

[cheezemonkeyeater]

Always remember, people, the value of stocks is imaginary and does not actually represent how well any given company is doing. It merely represents how well investors THINK it's going to do in the future based on assumptions common at the time. My favorite example was that time Pixar's stock dropped because they made Up and investors believed it was going to kill the company because nobody could imagine how they would make toys based on that kind of a movie. Stocks plummeted for a few months, until it turned out Up was the most successful film that year, and then they shot right back up.
It's more emotion driven than logic-driven.


Also, don't take out loans to invest in companies. Investing is risky enough on its own.

[dionadair]

Fun Fact: In the midst of the early Depression, Herbert Hoover had so mishandled the situation, that when he asked for a nickel to call a friend, he was given two nickels, and told to call all of them. Buuuurrrrn.

[Nakkikassi]

“History Doesn't Repeat Itself, but It Often Rhymes” – Mark Twain.

[frodgyofgingersnap]

"why i haven't been this entertained since the stock market crash of 1929"

[benjamingrist]

My great-grandfather had just mechanized his farm when the depression hit. He had to sell all his mechanical equipment and some of his land just to stay afloat. He lost so much in the depression, that he and his family would have to use mule power to run their farm and were unable to re-mechanize until several years after World War 2. He was one of the lucky ones, and he knew it. He and his wife always made sure to give their farmhands a big lunch on top of their wages, because they knew that might be the only meal those men had that day.

[Hotrob_J]

It's important to remember that not everyone got through those times. "We" may have survived, but many did not.

[gagnepaingilly]

What I don’t understand is, on one hand we are told the stock market will crash and yet on the other we are told ways of investing in the stock market. Oxymoron or paradox? I'm considering investing over 150k, but I'm uncertain about risk mitigation strategies.

[Matt-czti]

“Man that was crazy. Could never happen again though right?”
-Bankers, 2007

[atillanandorfuri]

Don’t mind me just prepping up for the next one

[JasonXLV]

"remember, the stock market is NOT the economy." could you say that a little louder please? some people seem to forget this

[Raymondjohn]

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

[Rochelletrem]

Perhaps many people are not expecting there to be a crash because of the upcoming selection. Forgetting that market crash should be embraced, because every crash or collapse offers an equal market opportunity if you are well prepared and knowledgeable. I've seen people accumulate up to $800, 000 during crises and even pull it off with ease in a bad economy. Without a doubt, the bubble or crash has made someone extremely wealthy.