The year 1926 started with the great flight to Florida. With great land and beautiful scenery, Florida retained a warmer winter climate that Chicago, Minneapolis, or New York. Everyone from Al Capone to President Hoover either owned or vacationed in Miami Beach or the Florida Keys. Hover spent his winter vacation with Manhattan banker Jeremiah Milbank, upon his yacht in the Florida Keys. With illegal gambling and secret parties this was to be the winter vacation that would not be exposed. Al Capone owned a beach house in Miami from which he could conduct personal business and escape from the hassle of the law in Chicago. Executives of Florida launched a dynamic campaign to evict Capone from his home in Miami Beach. While driving on Biscayne Boulevard, Capone was arrested and put away for “Investigation.”

In April 1926 the market stabilized and revived its advance. Again in October there was another setback because a hurricane blew

On October 24th and 29th, Black Thursday and Tuesday, was considered the most terrifying days on Wall Street. Black Thursday was kind of unusual because there were no buyers. There was a crowd of people outside the exchange, cops had to hold back the crowd. 299.5 were the low on the market the 24th of October. Black Tuesday was the most ravaging day in stock market history. More money was being lost and lives started to fall in depression.

declined 7 percent at the end of the year in Belgium.

Freidrich, Otto. “Once Upon a Tome in October…”

Kindleberger, Charles P. The World in Depression 1929-

A bizarre individual named Roger Babson, a Massachusetts economist and soothsayer was a person, Wall Street happily chose to ignore. Babson warned the national Business Conference that one day there would be a crash and it may be a big one. Hoover ensured the U.S. that the economy was “absolutely sound.” After the crash there was criticism of the Federal Reserve policy. There reaction to the crash was fully appropriate. The interest rate was lower from 6 to 4 percent, and the money supply increased between October 1929 and February 1930.

Fisher tried to explain why he had been wrong. In November, he implied that the entire thing had been illogical and was not in the forecast. Fisher clamed that it was the psychology of panic; “It was mob psychology, and it was not, primarily, that the price level of the market was unsoundly high… the fall in the market was very largely due to the psychology by which it went down because it went down.” (Galbraith, 146) Fisher’s account of what he thought happen attracted very little attention, except the commercial and financial chronicle.

Thomas, Gordon., and Max Morgan-Witts. The Day the

The 1929 Stock Market Crash. Hp.16 Feb. 1999. Online.

Some common words found in the essay are:
Exchange Commission, Jim Riordan, Paris Roosevelt, Wall Street, Federal Reserve, , Congress United, Market Crash, Stock Exchange, Depression” Bierman, stock market, stock market crash, market crash, bull market, wall street, 1929 stock, crash 1929, 1929 stock market, york stock, stock price declines, market day, hoover bull market, winter vacation, day market, york stock market,
Approximate Word count = 1758
Approximate Pages = 7 (250 words per page double spaced)