The Wall Street Crash of 1929: Causes, Extent, and Impacts (Research Paper Sample)
This research paper was about the Wall Street Crash of 1929 which started when the US stock market crashed, resulting in an economic depression (The Great Depression) that affected not only the US but the rest of the world. The paper examines the causes of the crash, how the crash occurred, the effects of the crash, and the lessons that can be learnt from the event. The arguments presented in the paper are backed up by figures and tables that illustrate the causes, extent, and impacts of the Wall Street Crash.
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The Wall Street Crash of 1929
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Abstract
The paper discusses the main causes of the 1929 Wall Street Crash. Previous studies have indicated that the major cause of the crash and subsequent economic depression was the structure of the financial markets, inadequate government regulation, and tight monetary policy. The paper also delves into the impact of the stock market collapse and the lessons learnt from the crash. The major lessons learnt include the need for diversification by investors and also for policymakers to implement financial market regulations.
List of Figures and Tables
Figure 1: Pattern of the Dow Jones Industrial Average, 1920-1940…………............……………3
Figure 2: Federal Reserve Bank Discount Rates, 1918-1938…………………….......…………...5
Figure 3: U.S. Unemployment Rate, 1930-1945…………………………………….……………5
Figure 4: U.S. Gross Domestic Product (GDP), 1929-1933………………………………………6
Table 1: Economic Indicators of the U.S., 1929-1932……………………………………………6
Introduction
The United States suffered a tremendous stock market crash in 1929 when the market bubble burst. The crash resulted in financial losses of $25 billion, bankruptcies and massive unemployment (Ingram, 2005). The paper lays an insight into the factors that caused the crash, and the impact it had on the American economy. The lessons policymakers and investors could learn from the crash are also highlighted in this paper.
The Period before the Crash
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