The Crash of 1929 & The Great Depression (PBS) 6of6

It was a time when the stock market epitomized the false promise of permanent prosperity.

Category:

Education

Tags:

• crash
• black
• tuesday
• 1929
• great
• depression
• stock
• market
• DJIA
• Dow
• Jones
• Industrial
• Average
• recession
• unemployment
• bubble
• speculation

[swami24u]

this will probably happen in 2011 or 2012

[sallymaggiespotty]

The end is near.

[YiuTeub]

@tharodsta HE shorted the market.

You can too. It is not cheating. Markets are speculation on the upside as well as the downside.

[adsweaty]

people are getting carried away, we are getting better and i believe we will pull through this recession. after all unemployment has gone down in recent months you people have no idea what it is to be starving and cold and hungry and no i don't work for the government, im not here to reassure you, but before we all put bullets in our brains look at the facts and stop acting retarted everyone

[TheRimDoctor]

@swami24u This will happen if Republicans or Tea Partyists get in. The republicans want unrestricted economy, and the Tea Party is so bad no one is a qualified leader to even run a bar, let alone watch the world's economy. Obama saved this from happening already by pouring $700 Billion into GM; which is unfortunate that now your debt is skyrocketed. But it's not as if you were going to pay that debt off anyways. You had 60 Years after WWII to pay it off, but you warmongered instead.

[popechucky]

My great-grandfather made ALOT of money during the depression. He invested in failing stocks of companies that today bring in quite a dividend.

[creativeprojects720]

why did he say It happened before? wasn't this the first united states stock market? The first time people had driven stocks high, the first time it had become popular to buy stocks, and gamble on the value of companies?

[HoustonRocket281]

Heres 1 hr of AMERICA 

[tharodsta]

how the f*k did livermore make millions on the day of the crash, then after they changed the rules he killed himself, i guess he couldnt cheat anymore

[corcaighrebel]

Parallels with today are uncanny. I expect the crash to happen around the same time this year, already in Europe a meeting of European heads is scheduled for October 23rd, almost 82 years to the day the great crash on Wall Street occurred. Those who have the data, the IMF/World Bank, gave warnings so they could avoid being blamed afterwards for not speaking up. It is how politicians work.

[busterbluesun]

the last clip of the new year's party is from the movie "one way passage" with william powell and kay francis...good movie!

[ilovety65]

@swami24u how right you were....