American History

Wall Street Crash of 1929

It all began in the year 1920 when everyone enjoyed drinking and having parties. People began making films and started watching them. As a hobby they invested their money in the stock market. Everyone withdrew all their money from the banks and only invested them in the stock market buying as many stocks as they could. The value of the stocks increased day by day until one point where the companies had a downfall. Everyone wanted to sell the stocks but it was impossible because there was no more money left. Money was a conundrum. The people started panicking because they had no money left. Many started to suicide and more majority of people had to live on the streets. The day of the stock market crash is remembered as the “Wall Street Crash of 1929“.