The Great
Depression was the worst economic depression in United States history. It started on a day
known as Black Tuesday, when the stock market crashed. In three years, the stock market had dropped 89% and millions of
Americans were out of work.
Showing posts with label stock market. Show all posts
Showing posts with label stock market. Show all posts
The History of Stock Market Panics
Stock market panics are nothing new and there are lessons to be
learned. Words like stock market panic, bank runs, bailouts, greedy bankers,
financial contagion, short selling, illiquidity and credit crises are nothing
new to the stock market. Looking back over past stock market panics, we can see
many similarities to recent stock market panics.
To learn more about stock market crashes you can read The History of Stock Market Panics.
What Caused The Great Recession of 2008?
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| Brendel Wikipedia CC BY-SA 3.0 |
Officially the Great Recession started in December 2007, long before most Americans on Main Street realized what was about to happen. According to the NBER, the Great Recession
ended in July 2009, which most Americans on Main Street
cynically laughed at, knowing full well their recession was not over at that time. What caused the Great Recession, and who to blame, there is plenty of blame to go around…
Continue reading The Great Recession of 2008
Continue reading The Great Recession of 2008