Summary The crash of the stock market occurred in a time of fun and laughter. Many people were not prepared to deal with the situation America's economy was facing. There was a lot of exces speculation on Wall Street. Wall Street had become a miniature economy of its own. Men sad that stock prices had reached their high and would remain there. They could not have been anymore wrong because on Wednesday October 23, 1929 stocks started to decrease and the first wave if panic had begun. The very next day brokers began withdrawing margin accounts, which caused stock prices to plummet. In a mere ten hours ten billion dollars worth of invested stocks were wiped clean. Luckily the market rebounded, but not for long. On Tuesday October 29, 1929 the market crashed. Sixteen million shares were traded on the day of the crash. The market lost a tota of fourteen billio dollars. Millionaires had become pennyless in a matter of hours. Analysis Many people were so wrapped up in the exillerating life style of the roaring twenties that they didn't really want to see the trouble America's economy was facing. Majority of the people simply ignored the warning signs. Months before the crash unemployment rates started to increase. Also, automobile prices began decreasing along with department store revenue. Whenever the market took a hit there was always salvation, but on October 29, 1929 nobody could save the stock market from collapsing. Many people said that the economy would not complete, recover until a decade and a half post crash. Citation Markets alliance (Producer) (2009). The great depression 1929-documentary [Web]. Retrieved from http://m.youtube.com/watch?v=nyAZGqFtVjw Question Do you think the stock market crash could of bee prevented if it occurred in a different time period?