stock market crashes of 29 and 87

View Paper
Pages: 4
(approximately 235 words/page)

Essay Database > History
The stock market plays a significant role in the health of the economy; the economy has to be strong for a country and its citizens to prosper. In 1929 over a period of two weeks 30 billion dollars disappeared from the U.S. economy, this was the event that started the greatest period of human hardship of the twentieth century known as the great depression. On October 19,1987 the Dow Jones industrial average plunged almost a third of …

showed first 75 words of 1042 total
Sign up for EssayTask and enjoy a huge collection of student essays, term papers and research papers. Improve your grade with our unique database!
showed last 75 words of 1042 total
…but it has opened up huge new markets like Russia and Eastern Europe. Companies are focusing on making money by producing goods more efficiently rather than by raising prices, thus inflation should stay low. And there is more capital in the market, coming from baby boomers saving up for retirement. In conclusion the solid footing the current market has should keep from falling like the 1987 and1929 markets when the current boom comes to an end.