1929 : The Great Crash.

Examining the causes of the Wall Street Crash, when the US stock market lost a third of its value over six desperate days in October 1929, causing the loss of more than $25billion in individual wealth. 3,000 banks later failed and took investors' savings with them. People who lived through that turbulent period describe the biggest financial catastrophe in history.

Category:

Education

Tags:

• history

[ketwilliam19]

thanks for this

[MrRhar1]

@ketwilliam19 No problem, glad to have been of help. Watch or download the Documentaries while you can, as they may have to be deleted at some stage?

[vidsurf88]

time to buy some physical gold...

[whaler3232]

Why didn't this documentary show why the crash happened?

The answer?

Increased margins by the bankers caused the wave of selling

[hammertapping]

another mostly superficial bbc documentary.

more regulations cannot prevent these crashes .

they are generally caused by ppl using abnormally high credit access for some type of speculation.

only way to prevent abnormally high credit levels is to let market determine interest levels. but with governments printing money and artificially lowering interest rates (for political reasons ) that will not be achieved.

now with federal reserve keeping interest rates @ 0% expect more crashes soon

[MegaProjectpat]

@MrRhar1 -You never fail! Thank You!!!

[Karlyisobel]

Increibleeeeeeeee...!!!