The Crash of 1929 & The Great Depression (PBS) 1of6

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

[Zootallors]

History repeats itself, usually by the third generation. Repetition occurs because it takes three generations for a culture to forget once the oldest generation dies out. Naturally, they'd continued playing the game as THEY'D learned it, and usually are too old in the game to behave in the new way. They'd spent a lifetime learning & investing in it by that old system. Until that cultural memory dies out with the oldest, it cannot be fully accepted. (Three generations = a century.)

[survivalizer]

Ever heard the saying "When men plan, God laughs?"

[rexsa66]

@Heckscherchuable ye gravity is a bitch in a way xDD

[chyman]

this country a/o world could've been a paradise had it not been for racial tension.

[Heckscherchuable]

what goes up must come down

[gsxxxrk5]

@YiuTeub - great comment.

[sociallogie]

Not much has changed in the past 80 years 

[YiuTeub]

Detach yourself from the perception that money is of any intrinsic value and you will see that life has a lot to offer.

Money represents value but does not have value. It is simply paper.

[ZenShroud1]

What if World War 3 begins in the Summer of 2014?

[starscreamdkmo]

lol jew bankers

[stevo728822]

@howard0081 The DOW Jones rose almost 8 fold between 1921 and 1929. And returned to its 1921 valuation by 1932. As the video explains, it was the introduction of widespread credit that drove the market up.