American History Tellers

The Great Depression - The Crash | 1

Feb 20, 2019

The podcast discusses the causes and consequences of the Great Depression, including the collapse of the stock market in 1929. It explores the optimism and ignorance of many Americans during that time, as well as the devastating effects of the stock market crash.

37:18

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Quick takeaways

The collapse of the US stock market in October 1929 marked the beginning of the Great Depression, a decade-long economic crisis that reshaped American institutions and transformed the global economy.

Risky investment practices, such as margin trading and borrowing money to buy stocks, contributed to the eventual crash of the stock market in October 1929.

Deep dives

The Stock Market Crash of 1929

The collapse of the stock market in October 1929 marked the first sign of the Great Depression, a decade-long economic crisis that devastated lives, transformed the global economy, and reshaped the direction of the country.

Introduction

2min

Being Black in America and Clear Teeth Aligners

2min

Causes and Consequences of the Great Depression

9min

Conversations about the Stock Market and Financial Distress

4min

The Rise and Fall of the Stock Market

18min

Economic Policies and the Devastating Effects of the Stock Market Crash

3min

The Roaring Twenties came to a screeching halt on October 29, 1929, with the collapse of the U.S. stock market. A year earlier, president Herbert Hoover had coasted to victory by promising the American people “a chicken for every pot” and “a car in every backyard.” Lured by the promise of skyrocketing markets, many first-time investors got caught up in margin trading, borrowing money to make bigger stock purchases than they could actually afford. It was a foolproof way to make money, so long as stock prices kept rising.

But then, on the morning of Tuesday, October 29, more than sixteen million shares changed hands on the floor of the New York Stock Exchange. By the market’s close, investors had lost tens of billions of dollars — and kicked off a decade that would reshape American institutions, even as labor unrest, racial tensions, and the dark shadow of nativism pushed back from all sides.

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American History Tellers

The Great Depression - The Crash | 1

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

The Stock Market Crash of 1929

Optimism and Investments in the 1920s

High-risk Investments and Speculation

The Black Tuesday Crash and its Aftermath

Remember Everything You Learn from Podcasts