Monday, September 19, 2011

1929 Stock Market Crash

People to this point have no exact cause of the market crash but the main reason i found out what went wrong, was public utilities stock prices were overvalued. those overvalued stock prices then and the boom in the real-estate business is what did it today. the real-estate business was very high valued like it happened in 1929. houses were increasing too rapidly just like it happened in 1929. large panic rose when these stocks started to drop and people started to unload them for low price. the housing industry was giving houses to people that could not afford them and thats is why the houses started to raise in value, but in reality these houses were not. when the people that could not pay for these home started to abandon them, thats when peoples houses started to drop and they still owed the high price value. there were no winners back then and there are certainly no winners right now. entreatment survived and and i think that is what will survive today.

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