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What we're seeing now has many similarities to the Wall Street Crash of 1929. Here's why.
1. Dates
The Great Depression Started on September 4th, and continued until November 13, 1929.
The yearly top for stocks in the recession we are in now was also September 4th 2020. Many fearing a repeat crash, and bloody October.
The Great Depression Started on September 4th, and continued until November 13, 1929.
The yearly top for stocks in the recession we are in now was also September 4th 2020. Many fearing a repeat crash, and bloody October.
2. Largest Bull Market
Prior to the Great Depression, was the roaring twenties. This was a period of prosperity, and optimism across America.
Over the last decade, we've had the longest bull market in history. Lots of prosperity, and economic growth!
Prior to the Great Depression, was the roaring twenties. This was a period of prosperity, and optimism across America.
Over the last decade, we've had the longest bull market in history. Lots of prosperity, and economic growth!
3. Cause
The main cause for the Great Depression was severe speculation. It was widely believed that the stock market would continue to rise forever
This is exactly what we're seeing now. Many Investors are no longer in touch with reality, and buying at ATH's.
The main cause for the Great Depression was severe speculation. It was widely believed that the stock market would continue to rise forever
This is exactly what we're seeing now. Many Investors are no longer in touch with reality, and buying at ATH's.
4. Unemployment Rate
After the lockdowns, many businesses were forced to shut down which resulted in the unemployment rate reaching record levels.
We haven't had this percentage of the popular unemployed since The Great Depression in 1929.
After the lockdowns, many businesses were forced to shut down which resulted in the unemployment rate reaching record levels.
We haven't had this percentage of the popular unemployed since The Great Depression in 1929.
5. Aftermath
Following the depression, World War 2 started and millions of Americans became employed which helped the economy recover.
With tensions rising between US, China, Russia, and Iran, could we potentially see another Cold War or WW3 in the coming years?
Following the depression, World War 2 started and millions of Americans became employed which helped the economy recover.
With tensions rising between US, China, Russia, and Iran, could we potentially see another Cold War or WW3 in the coming years?
