Stock Market Crash of 1929
The Stock Market Crash of 1929 had many major effects on America. ... The beginning of the Stock Market Crash started on Thursday, October 24, 1929. But the most important part of the crash occurred on Monday. “On Monday, October 28, 1929 the volume was huge – over 9,250,000 shares traded. ... There are many different ideas on why the stock market crash occurred. Some people think that since public officials suggested the stock market was strong, people were overconfident about the strength and never thought it could crash. Another reason was that the new president of the Federal Reserve Policy, Adolf Miller, lowered stock prices, so everyone bought them. “Margin buying was another scapegoat for the cause of the crash.