1929 Stock Market Crash
“To the extent that the depression was ushered by the stock market crash, it was the crash in New York that was of consequence.” (Kindleberger, 95) the crash of 1929 affected every person, job, and the world. Prices were dropping and no one could face losing their money.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
. . .
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)
|
 |
