Saturday, December 13, 2008
Wall Street
What happened after the stock market crash? Why is Wall Stree so important to the economy of the USA and to the world? Are these events similar to those of today? Who was the president at the time of the Wall Street collapse? Who followed? What kinds of programs did he institute to save the nation.
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24 comments:
lol i remember when we had to do these last year...its kinda strange how i wound up doing this...i'll elaborate. I was really bored after doing my homework so I decided I was going to look myself up on google, and much to my surprise, all of my blogs from last year where on there. So I decided to drop in and say hey...and by the way if you were wondering this is phil.
After the stock market crash in 1929 the country went into the Great Depression. People lost everything that they had, including their jobs, homes and money. It took years for the economy to return to normal. Wall Street is very important to the economy because it is where all the companies stocks are bought and sold. Hopefully, people can buy the stocks at a low price and then when the companies are successful they can sell their stock at higher prices and make a profit. The success of Wall Street
reflects all over the world. It seems as though when Wall Street does well, so do the foreign markets like the Heng Seng. The stock market crash of 1929 is almost exactly like what is happening today. The value of stocks is going down because many big companies and banks are going out of business, so the value of their stocks is way down. The people who own those stocks are losing money. Unfortunately, thousands of people are losing their jobs and homes because businesses are closing and people cannot pay for their homes or their bills. People are becoming homeless and jobless just like they were in 1929. Herbert Hoover was the president at the time of the Wall Street collapse. Franklin D. Roosevelt was elected president after Hoover lost the election in 1932. A new era in history began under Roosevelt. He call his program the New Deal. He had the federal government take strong action to help make the U.S.prosperous. The government put stronger controls on business companies and spend billions of dollars on relief and public works to help the suffering people of the United States. Many government agencies, such as CCC, TVA, and NRA were set up to help people get jobs. Eventually, the economy became strong again. The stock market has always gone up and down but recently cannot seem to recover and we seem to be facing 1929 all over again. One difference is that in 1929 money in banks was not insured and that is how people lost their money in the bank. Today money in the bank is insured, so that people will not totally lose their savings.
because alot of people are starving because of the stock marketing crash and they cant pay for food it is similar to being poor and living on the street they have no money.
OLIVIA BOLLING 6/7th
after the stock market crash it started a great depression. its sad because everybody lost everything like clothes,food. jobs and homes and their money and that is sad. and t took years for it to go back to normal. wall street is realll important to the economy because of the jobs and they offered like companies stocks are bought ans sold.
After the stock market crash in 1929 the country went into the Great Depression. People lost everything that they had, including their jobs, homes and money. It took years for the economy to return to normal. Wall Street is very important to the economy because it is where all the companies stocks are bought and sold. Hopefully, people can buy the stocks at a low price and then when the companies are successful they can sell their stock at higher prices and make a profit. The success of Wall Street
reflects all over the world. It seems as though when Wall Street does well, so do the foreign markets like the Heng Seng.
after the stock market crash at wall street happened the united states went into the great depression. wall street is really important because it is where most of every single stock in america is bought and sold there. they events are kind of similar but the events happening now aren't so severe. herbert hoover was the president at the time of the collapse of the stock market. franklin roosevelt was elected president after him.
marshall tucker 1st 2nd ^_^
I think the country was in deep depression and that it was so shocking when the stock market crash happened in 1929.
The elected president at that time was Franklin Roosevelt. It took years for the economy to return to normal from all of thoes people losing their homes,cloths,and even their jobs.
And then companies stocks are bought ans sold witch helped the econimy get back to normal.
When the stock market crashed in 1929 the United States went into “The Great Depression.” People lost everything to their name such as: their homes, jobs, money, cars, and jobs. The stock markets are important to the economy of USA and the world because every single company in the country has a stock. People also buy these stocks and keep them until companies become successful and the stock holder can sell it for a very nice profit. The stock market has been doing a whole lot better but yes, they are similar because so many people have lost their jobs and have had to deal with foreclosure with their houses and cars. Herbert Hoover was the president at the time of the stock market crash but no sooner than that did Teddy Roosevelt become president to settle “The Great Depression.” Roosevelt came out with the “Federal Deposit Insurance Company”(FDIC). This also helped with the ending of "The Great Depression.”
Aaron Worth
4th Period
After the Stock Markets crashed the country went into "The Great Depression". The reason Wall Street is so important is because that is where the stocks are bought and sold. If a country relies on a company inside the U.S.A. because they can't make it in their country and the company goes "belly up", the country is "out of luck". These events are similar to those today. Herbert Hoover was the president at the time of the Wall Street collapse. Franklin D. Roosevelt was elected president after. He set up the CCC, TVA, and NRA to help people get jobs.
1st & 2nd
Alex Keefover
The Wall Street Crash of 1929, also known as the Great Crash, or Great Depression, was the most devastating stock market crash in the history of the United States, taking into consideration the full extent of its fallout.
Economists and historians disagree as to what role the crash played in subsequent economic, social, and political events. In a 1998 article The Economist argued, "Briefly, the Depression did not start with the stock market crash." Nor was it clear at the time of the crash that a depression was starting.
The October 1929 crash came during a period of declining real estate values in the United States (which peaked in 1925) near the beginning of a chain of events that led to the Great Depression, a period of economic decline in the industrialized nations.
At the time of the unbelievable crash, New York City had grown to be a major metropolis, and its Wall Street district was one of the world's leading financial centers. The New York Stock Exchange (NYSE) was the largest stock market in the world.
The president during all of this was Republican Herbert Clark Hoover. Though he was not the only one. The second one was Democrat Franklin Delano Roosevelt. It was Roosevelt who would see the country through the crises by way of his administration's famed "New Deal" strategy of Government funded initiatives, public works programs, and overhaul of the financial system. His presidency was also the only presidency to go beyond the traditional two terms of office as president.
The stock market crash of 1929 sent the US into the Great Depression. More than half the population was unemployed and the US had almost nothing. Wall Street is so important to the USA and the world because it's where the citizens of the world sell and buy stocks. People who buy stocks in a company or product can wait until that particular stock has a lot of value and then they can sell it for lots of money. Yes, these events are very similar to the events that are happening today, but the events today are not as large. The president at the time of the Wall Street collapse was President Hoover. The president that followed was FDR. He had many programs to help to save the nation. The biggest one was called "The New Deal". This entailed the US government getting involved and offering jobs to the public. He set up the CCC, TVA, and NRA to help people get jobs.
Shannon Yost
3rd Period
In 1929, while Franklin D. Roosevelt was president the stock market crashed, and our nation went into the Great Depression. During the stock market crash, banks failed, people lost jobs and houses.Harry S. Truman was president after Franklin D. Roosevelt. Wall Street is important to the economy because many people invest in stocks and thousand of stocks crash every day and people loose millions of dollars.
Laura Tennant=)
4th period
After the stock market crash in 1929 the country went into the Great Depression. People lost everything that they had, including their jobs, homes and money. It took years for the economy to return to normal. Wall Street is very important to the economy because it is where all the companies stocks are bought and sold. Hopefully, people can buy the stocks at a low price and then when the companies are successful they can sell their stock at higher prices and make a profit. The success of Wall Street
reflects all over the world.
After the stock market crash in 1929 the country went into the Great Depression. People lost everything that they had, including their jobs, homes and money. It took years for the economy to return to normal. Wall Street is very important to the economy because it is where all the companies stocks are bought and sold. Hopefully, people can buy the stocks at a low price and then when the companies are successful they can sell their stock at higher prices and make a profit. The success of Wall Street
reflects all over the world. It seems as though when Wall Street does well, so do the foreign markets like the Heng Seng. The stock market crash of 1929 is almost exactly like what is happening today. The value of stocks is going down because many big companies and banks are going out of business, so the value of their stocks is way down. The people who own those stocks are losing money. Unfortunately, thousands of people are losing their jobs and homes because businesses are closing and people cannot pay for their homes or their bills. People are becoming homeless and jobless just like they were in 1929. Herbert Hoover was the president at the time of the Wall Street collapse. Franklin D. Roosevelt was elected president after Hoover lost the election in 1932. A new era in history began under Roosevelt. He call his program the New Deal. He had the federal government take strong action to help make the U.S.prosperous. The government put stronger controls on business companies and spend billions of dollars on relief and public works to help the suffering people of the United States. Many government agencies, such as CCC, TVA, and NRA were set up to help people get jobs. Eventually, the economy became strong again. The stock market has always gone up and down but recently cannot seem to recover and we seem to be facing 1929 all over again. One difference is that in 1929 money in banks was not insured and that is how people lost their money in the bank. Today money in the bank is insured, so that people will not totally lose their savings.
-imani washington
the country was in bad shape. to help feed us when we kinda run a little low on food. no. to guard it well.
After the stock market crashed, people started to panic and the nation went into the Great Depression. During the Great Depression, people lost confidence in banks, unemployment was very high, and food was scarce. Wall Street is where company stocks are bought and sold. When the values of these companies stocks go down the whole nation suffers. People start to lose their confidence in companies. During the last year, the stock market has dropped dramatically. We have seen business close and unemployment rise. Herbert Hoover was the President during the time the stock market crashed and President Franklin Roosevelt was the president that followed him. President Roosevelt instituted the “New Deal” which created government programs that gave jobs to the people and helped the economy get back on it feet. The government started an insurance program for bank deposits called the FDIC. Social security and unemployment insurance were also started.
Matt Bartrug
3rd period
After the stock market crashed, people started to panic and the nation went into the Great Depression. There are 383 different Wall Streets known in the world, but the historical one is in lower Manhattan, New York City, New York, United States. It runs east from Broadway to South Street on the East River, through the historical center of the Financial District. It is the first permanent home of the New York Stock Exchange; over time Wall Street became the name of the surrounding geographic neighborhood. Wall Street is also shorthand (or a metonym) for the "influential financial interests" of the American financial industry, which is centered in the New York City area Several major U.S. stock and other exchanges remain headquartered on Wall Street and in the Financial District, including the NYSE, NASDAQ, AMEX, NYMEX, and NYBOT.
Wall Street is very important to the economy because it is where all the companies stocks are bought and sold. Hopefully, people can buy the stocks at a low price and then when the companies are successful they can sell their stock at higher prices and make a profit.
If a country relies on a company inside the U.S.A. because they can't make it in their country and the company goes "belly up", the country is "out of luck". These events are similar to those today. Herbert Hoover was the president at the time of the Wall Street collapse. Franklin D. Roosevelt was elected president after. He set up the CCC, TVA, and NRA to help people get jobs.
WAN TING ZHANG
1ST-2ND
As a result of the stock market crash in 1929 the U.S. went into a Great Depression. Wall Street is so important to the economy of the U.S. cause that is where all of the stock in America takes place. This is were stocks are bought or sold. This is a major part in our economy. The events today, in my opinion, are not as severe as they were back then. Today we have learned from our mistakes and we know what exactly to do for any situation to keep the U.S. on track. At the time when the stock market crash happened, the current president was Herbert Hoover. The president that followed was Franklin D. Roosevelt. Roosevelt came up with the “Federal Deposit Insurance Company” which helped bring an end to the Great Depression.
Logan Demyon
4th period
After the stock market crash in 1929, the country went in the Great Depression. Wall Street is important to the country and the world because it determines the value of companies. I think the events today are similar to what happened in 1929. Today, stocks were very high due to speculation. Stocks started to lose value and people sold. People are afraid and sold their stocks just like in 1929. Companies are closing and unemployment is high. The president during the depression was Herbert Hoover and Franklin Roosevelt followed. President Roosevelt started a plan called the New Deal. The New Deal plan was to build homes, pave roads, build public structures, and also started the Social security Program.
Nick Sinclair
3rd period
After the stocl market crashed,businesses started going down the drain,People started losing their jobs,and places stopped making money so they had to close down. Wall street is so important,because that is where everything happens! People can now put money in the bank and not worry about losing it.
Destini Arbogast
1st&&2nd periods.
After the stock market crashed stores and businesses started having issues. People started loosing their jobs and stores started making less money so they closed down. Wall street is so important because that is where alot of things happened during people's lives who lived back then. But now life is now so much different and technological, and their are many more jobs avaliable.
BY:Mycah Wilson
1st/2nd period
After the stock Market Crash the united states had the great depression. Wall Street is important to the US because all of the stocks in the world are sold on wall street. Yes these events are similar to the ones today. Herbert Hoover was the President at the time of the stock market crash. After him it was Franklin Roosevelt.
After the stock market crash in 1929, the country went in the Great Depression. Wall Street is important to the country and the world because it determines the value of companies. I think the events today are similar to what happened in 1929. Today, stocks were very high due to speculation. Stocks started to lose value and people sold. People are afraid and sold their stocks just like in 1929. Companies are closing and unemployment is high. The president during the depression was Herbert Hoover and Franklin Roosevelt followed. President Roosevelt started a plan called the New Deal. The New Deal plan was to build homes, pave roads, build public structures, and also started the Social Security Program.
Adriana Slaughter period 4
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