Library Guides: Towards WWII: Stock Market Crash

Source: The Balance

The Roaring 20s came to a grinding halt with the stock market crash of 1929, sometimes called Black Tuesday. This crash ultimately led to the Great Depression, a huge economic crisis that dominated life in the 1930s and contributed to the start of World War II. Read through the resources below to learn more about the stock market crash.

What caused the stock market crash of 1929? (Investopedia, 2021, January 9)
The decade, known as the "Roaring Twenties," was a period of exuberant economic and social growth within the United States. However, the era came to a dramatic and abrupt end in October 1929 when the stock market crashed, paving the way into America's Great Depression of the 1930s. Read through this article to learn more.
Stock market crash of 1929: definition, facts, causes, effects (The Balance, 2020, September 2)
The stock market crash of 1929 was a collapse of stock prices that began on Oct. 24, 1929. By Oct. 29, 1929, the Dow Jones Industrial Average had dropped 24.8%, marking one of the worst declines in U.S. history. It destroyed confidence in Wall Street markets and led to the Great Depression. Read through this article to learn some of the causes of the crash and how it impacted American economy.
The stock market crash of 1929 (Lumen Learning, n.d.)
This in-depth website looks at the economic, political and societal conditions that led up to the stock market crash of 1929, as well as the aftermath of the crash.
Oct 29, 1929: Black Tuesday (National Geographic, n.d.)
On October 29, 1929, the United States stock market crashed in an event known as Black Tuesday. Read through this article to learn more.
The Wall Street Crash, 1929 (BBC, n.d.)
On Black Tuesday, 29 October, 16 million shares were sold on the Stock Market in Wall Street and the US economy collapsed completely. Read through this website to learn more. It also includes links to further resources and useful infographics.
Wall Street Crash of October, 1929 (ThoughtCo, 2020, March 6)
In the 1920s, many people felt they could make a fortune from the stock market. Disregarding the volatility of the stock market, they invested their entire life savings. Others bought stocks on credit (margin). When the stock market took a dive on Black Tuesday, October 29, 1929, the country was unprepared. The economic devastation caused by the Stock Market Crash of 1929 was a key factor in the start of the Great Depression. Read through this article to earn more about the crash and its impacts.

A Wall Street speculator tries to sell his car after losing all of his money in the stock market crash.

1929-New York, NY: Run on Clark Brothers Bank at Nassau and Clark Streets.

The front page of the Brooklyn Daily Eagle newspaper with the headline 'Wall St. In Panic As Stocks Crash', published on the day of the initial Wall Street Crash of 'Black Thursday', 24th October 1929.

For many American farmers, the Great Depression began with the steep drop in farm product prices after World War One. Many farmers who had taken out mortgages to buy more farmland during the war lost their investments when they could not earn enough money on postwar profits to continue their mortgage payments. During the 1920s, farmers watched as more Americans than ever before took loans to invest in the stock market, dreaming of quick wealth.

Collected commentary on the 1929 stock market crash, 1928-1938

This collection of commentary looks at attitudes at the time to the stock market, the crash and the impact of the crash.

30-second economics : the 50 most thought-provoking economic theories, each explained in half a minute by Donald Marron & Adam Fishwick
Publication Date: 2011
Economics will suddenly seem a lot more fun than the economy when you pick up this book as it makes a lot more sense, and along the way you'll meet the founding fathers of modern economics such as Adam Smith, David Ricardo and Alfred Marshall. From Marxism to Mercantilism, plus everything in between, this is the ultimate 'crash' course in economic theory.
30-second money : the 50 most fundamental concepts in money, each explained in half a minute by Donald Marron & William Carrington
Publication Date: 2019
This book sums up the essential assets and liabilities of modern finance, from the ways in which investments are managed and currencies are controlled to the shadier side of banking and the causes of the Global Financial Crisis. In 50 financial statements you can discover what happens when inflation gets out of control, how compound interest can boost an investment, and how central banks manage money supply. Each entry uses just 300 words and a single picture to explore the key concepts of how money works.
The economics book by Niall Kishtainy
Publication Date: 2012
All the big ideas, simply explained - an innovative and accessible guide to economicsBring economics to life with The Economics Book, an essential guide to more that 100 of the big ideas in economic theory and practice covering everything from ancient theories right up to cutting-edge modern developments.From Aristotle to John Maynard Keynes and beyond, all the greatest economists and their theories are featured and the innovative graphics, step-by-step summaries and mind maps help clarify hard-to-grasp concepts.The Economics Book is perfect for economic students and anyone who has an interest in how economies work.