On October 24, 1929, later to be known as Black Thursday, the stock market began its downhill drop. After the first hour, the prices had gone down at an amazing speed. Some people thought that after that day, the prices would rise again just as it had done before. But it didn’t. Prices kept dropping, and on October 29, 1929, Black Tuesday, more than 16 million shares were sold, but by the end of the day, most stocks ended below their previous value, and some stocks became totally worthless. Because of that, some people became homeless and penniless, all because of the Stock Market Crash. By November 13, the prices had hit rock bottom. The stock AT&T had gone from $304, to the price of $197. America had celebrated for eight years, but now, everything was wasted in just a few weeks, by the Stock Market. It was a sad ending to this glorious decade! Timeline of the 1920s 1920 - November 2: First Radio broadcast; President Warren Harding elected; women get their first vote 1921 - September 8: First Miss America pageant held in Atlantic City; November 11: Unknown soldier of World War I buried 1922 - November 26: Archaeologist Howard Carter finds tomb of Tutankhamen near Luxor, Egypt 1923 - August 2: President Harding dies; August 3: Vice President Calvin Coolidge is sworn into office as president 1924 - February 3: Former President Woodrow Wilson dies; November 4: Calvin Coolidge is elected President 1925 - October 2: Scottish inventor John Baird invents the first form of a television 1927 - First talking movie, The Jazz Singer released; May 20: Spirit of St. Louis and pilot Charles Lindbergh land in Paris 1928 - September 19: First Mickey Mouse talking film, Steamboat Willie, released by Walt Disney; November 6: Herbert Hoover elected President 1929 - October 24: Start of the Stock Market Crash The 1920s was, for 8 years and 3/4 of 1929, a very happy decade. The last 1/4 was the Stock Market Crash that could have started the Great Depression that lasted straight through the 1930 s, not ending until mid-1940. A war started before 1920, and a war broke out in 1929. Although it was called the Great Depression, people killed others, killed themselves, became homeless, and became penniless. Actually, the eight years of happiness might have felt like a small vacation to a person who lived during the time.
Posted on: Mon, 25 Nov 2013 04:46:48 +0000
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