The stock market crash of 1929 was due to many inconsistencies, the poor regulation of the banks, people buying on margin, and over production. Banks at this time were lending out vast amounts of loans and would make profit from the interest they gathered. However people would spend their money and invest it and this was a problem for banks because if they lost the money they would be in debt thus the bank would lose money and slowly become in debt, which occurred because they didn't regulate how many loans they were giving out properly. When people bought on maragin they were essentially gambling and would eventually lose causing them and the banks to go into debt. Over production meant things were being made in too much supply and not enough demand so things became cheaper and cheaper not returning money into the economy.
I really enjoyed the stock game, it felt good being able to predict if it would go up by listening to the clues, it really revealed the difficulty of being able to tell what would happen next and what to do. When the stock market crashed it was crazy to see how much i could make and how quickly i lost it. It really taught me how hard it would have been to go through that for real and how harsh that would be.
I really enjoyed the stock game, it felt good being able to predict if it would go up by listening to the clues, it really revealed the difficulty of being able to tell what would happen next and what to do. When the stock market crashed it was crazy to see how much i could make and how quickly i lost it. It really taught me how hard it would have been to go through that for real and how harsh that would be.