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Period: to
Progression of Stock Market Crash of 1929 to Present
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U.S. enters World War I
The war first began in 1914 but the United States hadn't joined til 1917 -
U.S. emerges
The United States emerge as a rising global force in World War 1. We joinged the Allies and helped turn against the Central Powers. President Wilson advocated for the United States to join the League of Nations although in the end the Senate did not approve of such ideas. Also the day the war ends. -
Harlem Renaissance
The Harlem Renaissance was considered a cultural movement for the African Americans in society giving them a new sense of identity -
League of Nations
The goal of the League of Nations was to maintain world peace among the organization -
Prohibition
The amendment officially took effect on this date which stated it was illegal to produce, manufacture, transport, or sell alcohol -
19th amendment ratified
The 19th amendment allows women the right to vote -
Sheppard Towner Act
This act provided federal funding for maternity and child care. -
Fordney-McCumber Tariff
This was a law that raised American tariffs on many imported goods in order to protect factories and farms. It promoted foreign trade and began loans with Europe which benefitted American goods -
Immigration Act
This act limited the number of immigrants who could enter the country -
Economy status
At this stage in the decade the economy is at a stable level, not ready for what's in store for the years to come -
The Scopes Trial
Trial where a high school teacher John Scopes is accused of teaching his students about the theory of evolution (Created by Charles Darwin) in class -
Stock Market booms
The Stock Market booms in a bull market as the prices increase. This entices the investors and sends Wall Street into a buying frenzy -
Valentine's Day Massacre
This massacre was held in Chicago where 5-7 members of the North Side Irish Gang led by Bugs Moran were killed by Al Capone's gang, the South Side Italian. Bugs was the target but the event ended otherwise. -
Mini-Crash
The Stock Market suffered a small crash in the economy; leads to skyrocketing interest rates for investors -
Recovering Market
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Peak of the Stock Market
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Black Thursday
Just 5 days before the stock market officially crashed, there was a large decline in stocks as soon as it opened that Thursday as it dropped about 11%. All the investors panicked that they couldn't sell their stocks and not lose money but by the end of the day things balanced back at equilibrium -
Stock Market officially CRASHES
Finally after all the buying, spending, and investing, the stock market officially crashes naming this day "Black Tuesday", naming this the worst economic crash in history. This event occurs numerous other times in history but not as significant as this; in other words, there will always be high points and low points in the economy and history will repeat itself. -
The Great Depression Begins
The Great Depression is the result of the stock market crashing in its worst economic downturn in history, sending Wall Street into panic and poverty -
21st amendment passed
The 21st amendment ratified the 18th amendment, making alcohol legal in the United States Again. Although it was passed February 20th, it wasn't taken into effect until December 5th. -
Economic Recession within the Great Depression
Crash in the economy -
Black Monday
Another crash in the stock market -
Friday the 13th mini-crash
The Stock Market crashed due to a failure of buying out American Airlines -
Dot-com bubble
A collapse in the technology bubble results in a economic crash -
9/11 attacks cause crash in economy
After the attacks on the twin towers the global economy dropped staggeringly. The attacks alone caused $40 billion dollars in insurance losses -
United States bear market
The economic market during 2010 suffered a crash in the investment markets -
Stock Market Crash of 2008
This crash was from real estate sales plummetting and people running to the banks to try and claim their money which the bank didn't hold everyones loans. This led to many banks filing for bankruptcy. -
2010 Flash Crash
the Dow Jones Industrial drops significantly and unexpectedly around 1,000 points in a day
