What Caused the 1929 Stock Market Crash?

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  • Опубликовано: 31 дек 2024

Комментарии • 154

  • @gingerkilkus
    @gingerkilkus 4 месяца назад +100

    Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

    • @CharlesArthur-fq5sx
      @CharlesArthur-fq5sx 4 месяца назад +3

      Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving

    • @BernardFrederick-tk7un
      @BernardFrederick-tk7un 4 месяца назад +4

      Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.

    • @williamDonaldson432
      @williamDonaldson432 4 месяца назад +2

      After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.

    • @Bellaelena549
      @Bellaelena549 4 месяца назад +2

      Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?

    • @Bellaelena549
      @Bellaelena549 4 месяца назад

      @@williamDonaldson432 Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?

  • @LieselKaroline
    @LieselKaroline 3 месяца назад +224

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    • @AmaliaGiselae8g
      @AmaliaGiselae8g 3 месяца назад

      You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.

    • @AlbrechtChristoph016
      @AlbrechtChristoph016 3 месяца назад

      That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.

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      @BerchtwaldElias1EH 3 месяца назад

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      @BerchtwaldElias1EH 3 месяца назад

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  • @JIm-w1b
    @JIm-w1b 19 дней назад +3

    My dad Herb was born in 1921 and he grew up in the depression. As a kid, in the 1960's I hated him for being a tightwad and doing things like bringing home junk washing machines to patch up for my mom, because he was too tight to buy her a new one. Watching videos like this one, makes me understand what made Herb the kind of man he was. He once got angry and shook up at my mom, because she'd written a check instead of pay cash, and it cost 10 cents to write a check. We kids, we couldn't use flashlights to catch earthworms for fishing bait, because batteries were 15 cents apiece. Herb in the 1960's was a machinist and was probably making around $32 an hour in todays money

    • @edwardhayes6111
      @edwardhayes6111 8 дней назад

      I understand his mindset.
      Common for those who lived through the depression

  • @Beatricegove733
    @Beatricegove733 5 месяцев назад +67

    It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...

    • @PatrickFitzgerald-cx6io
      @PatrickFitzgerald-cx6io 5 месяцев назад +3

      I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

    • @Justinmeyer1000
      @Justinmeyer1000 5 месяцев назад +2

      A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K

    • @KaurKhangura
      @KaurKhangura 5 месяцев назад +1

      This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

    • @Justinmeyer1000
      @Justinmeyer1000 5 месяцев назад

      ‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

    • @KaurKhangura
      @KaurKhangura 5 месяцев назад +1

      Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

  • @markrichards6171
    @markrichards6171 Год назад +26

    Sorry, Captivating History, but this is a video of symptoms of economic problems, not causes. The causes of the stock market crash and subsequent depression are the same ones causing problems now: Central bank manipulation of interest rates and monetary expansion caused by the criminal activity known as Fractional Reserve Banking, along with massive government intervention in the economy.. Monetary expansion causes the booms, and the busts are the inevitable consequence of the monetary contraction afterwards. And along the way, massive amounts of resources are wasted.

    • @brandonbath6097
      @brandonbath6097 Год назад

      Yup. I figured when I saw the title that it would be this.

    • @Dontdoit_
      @Dontdoit_ Год назад +1

      Government intervention? Lol so government intervention cause the depression but also brought it out of it? Make it make sense

    • @brandonbath6097
      @brandonbath6097 Год назад

      @@Dontdoit_ got us into it. Curtailing it got us out of it. Lol. Man you’re dumb.

    • @markrichards6171
      @markrichards6171 Год назад +6

      @@Dontdoit_ FDR did not get the US out of the depression. He made it worse with his interventions. Government is always the problem, never the solution.

    • @radec5166
      @radec5166 Год назад

      ​@@Dontdoit_ the Government? What?

  • @tonyvaninetti3429
    @tonyvaninetti3429 Год назад +23

    The drought complicated this situation immensely. My mother was born in 1924. The great depression instilled in her very frugal habits. I acquired some and practice them to this day. Unfortunately the lessons of the past are only helpful for those who experience them. History repeats.......

    • @josem588
      @josem588 Год назад

      And me thinking that the only ones with habits of reuse things are Hispanic people

  • @theclickbaitmasster
    @theclickbaitmasster Год назад +13

    This is convenient
    We’re going over this topic in my class
    US history

  • @seph4667
    @seph4667 4 месяца назад +3

    Depression is where trust has evaporated and where quality ceases to be exchanged. Selfishness destroys civilization completely.

    • @kimlarso
      @kimlarso Месяц назад

      Toddlers are very selfish by default & out of the depression a lot of boomers (toddlers) were born👉which bore a generation of (infants)👉who bore a generation of (fetuses)👉the rest is history

  • @GeorgeDoughty-m8e
    @GeorgeDoughty-m8e 7 месяцев назад +4

    Shenanigans by politicians has caused the biggest problems in US history.

  • @gregorylyon1004
    @gregorylyon1004 4 месяца назад +2

    Stock investors buying shares of stock on margin is what really caused the great depression in my opinion. Buyers were only putting down 10% of the stock price. And when the market lost its value was because only 10% of it was real money. The 90% never existed. It was borrowed

  • @ganrimmonim
    @ganrimmonim Месяц назад

    My late father was born in 1929, his brit milah (circumcision) was taking place when news came though that his uncle had been reuened and he dropped dad.

  • @arturoanton2958
    @arturoanton2958 Год назад +4

    Mark Richard's is right.This video is about symptoms of economic crashes not causes.( read his comments below).

  • @LoughBellis
    @LoughBellis 5 месяцев назад +3

    Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

    • @NoorFrohock
      @NoorFrohock 5 месяцев назад +2

      Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

    • @Odmark-u5f
      @Odmark-u5f 5 месяцев назад +2

      I totally agree; I am 66 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.

    • @PhilomenaCopple
      @PhilomenaCopple 5 месяцев назад +2

      Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.

    • @Odmark-u5f
      @Odmark-u5f 5 месяцев назад +2

      “Carol Vivian Constable” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

    • @PhilomenaCopple
      @PhilomenaCopple 5 месяцев назад +1

      I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.

  • @dylanplumley280
    @dylanplumley280 3 месяца назад +1

    The crash of 29 was the end of the “old world” and begun a new age, a modern age. Looks like true art died with the old world as well. Hopefully sanity returns to the world one day and we can have real peace and prosperity again.

  • @ArneHiga
    @ArneHiga 8 месяцев назад +3

    I don't agree that the Stock Market Crash didn't cause the Great Depression. Of course it did. While there were other contributing factors the Crash had to be a major cause because many people lost all of their money and life savings in it.

  • @JIm-w1b
    @JIm-w1b 19 дней назад

    I never have completely understood the famous crash of 1929. I can see how the market went down, and everybody freaked and wanted to sell and this caused the downward spiral that hit bottom, but what I can't see is how, companies like RCA and US Steel and many others, were making big profits and the money was coming in. So why didn't the stock market go back up in a week or so?

  • @stevehartman1730
    @stevehartman1730 10 месяцев назад +7

    They try to say the economy was turning around and FDR didn't have to use the NEW DEAL but it takes 2 years for the economy to run its cycle and turn around but Hoover and the Republicans had almost 4 years and the economy was still dead in the water. Hoover and the Republicans got in office in March of 1929 the Stock Market crashed on October 24 1929 Nd stayed dead in the water till FDR got in in 1932. The G. Depression wasn't over but He intervened creating jobs, stabilized the economy n such n made it more palatable. During Hoovers administration there were 28 states with no banks open.😊

    • @mr.g1758
      @mr.g1758 8 месяцев назад +4

      Actually, most foreign countries came out of the depression in 3-4 years. FDR caused the calamity to linger on much longer. Amity Shalays' book explains how.

    • @JK-ks3xq
      @JK-ks3xq 8 месяцев назад +1

      @@mr.g1758 ....True!

    • @randyrandhawa5347
      @randyrandhawa5347 7 месяцев назад

      @@mr.g1758 absolutely wrong. Do your history, We stayed in the dumps for so long cause of republican policies the past decade. FDR brought this country back from the dead.

  • @stonedwalljackson5806
    @stonedwalljackson5806 Год назад +7

    The federal Reserve (which has nothing to do with the federal government)

  • @mikeschumacher9715
    @mikeschumacher9715 Год назад +4

    This is a 20 mile trip to cross the street.

  • @lls3676
    @lls3676 Год назад +12

    Today, it's been 94 years since this happened.

    • @robertoguerra5375
      @robertoguerra5375 2 месяца назад

      And for almost 45 years, everyone is focused on Halloween instead of remembering this warning

  • @artholyoke
    @artholyoke 29 дней назад

    Pushing people to buy on margin and then have stocks fall because nothing backing them was a recipe for disaster. Everybody acted like stocks would always go up

  • @Raymondjohn2
    @Raymondjohn2 Год назад +8

    I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

    • @audeywolsh
      @audeywolsh Год назад +3

      I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?

    • @maga_zineng7810
      @maga_zineng7810 Год назад +1

      There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts

    • @usieey
      @usieey Год назад +1

      I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.

    • @audeywolsh
      @audeywolsh Год назад +1

      I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you

    • @usieey
      @usieey Год назад +1

      Definitely! All of this happened in less than a year after Catherine Morrison Evans told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.

  • @bobbydinner
    @bobbydinner 12 дней назад

    How did J.P. Morgan stabilize the market on October 24th, 1929 if he died March 31, 1913?

  • @stevehartman1730
    @stevehartman1730 10 месяцев назад +2

    Stefan, get. 3 to 6 months food needs per family member, get some gold n and silver. Get bout 5 to 10 acres of land you can grow food for u n your family, get a marketable skill such as plumbing, electrical, carpentry, masonry etc. To either fall back on or work for yourself. Get all dental n medicals done, get enough meds set aside, forget crypto.get books on raising food n such. Get a milk Goat, get in good physical fitness.

  • @quartytypo
    @quartytypo 5 дней назад

    The steeper the slope up. The steeper the slope down.

  • @user-zx8de8op9l
    @user-zx8de8op9l 3 месяца назад

    Well done

  • @shangron5796
    @shangron5796 Год назад +11

    No mention of the droughts that occurred during the 1930s, IMO if we had viable farm resources during the 30s things would not have been so bad. At the very least we could have kept people fed and working agriculture. My grandparents were raised in the 30s and installed a deep knowledge of scarcity and not going to far into debt, they were Alberta Canada farmers.

    • @brewmaster0507
      @brewmaster0507 Год назад

      And now "they" control the weather. See cloud seeding.

    • @huntercollins1310
      @huntercollins1310 Год назад

      There was research, but so many thought it was "new fangled" and ridiculous, and wouldn't pay attention. This just added to the misfortune for the farmers.

  • @douglaswallace7680
    @douglaswallace7680 13 дней назад

    “I’m not so much interested in the return ON my money as I am in the return OF my money.” = Attributed to Will Rogers

  • @claudiamontesbalderas4999
    @claudiamontesbalderas4999 8 месяцев назад

    What was the reason for him to at on the flagpole?

  • @JotaroKujo-eu2mr
    @JotaroKujo-eu2mr 7 месяцев назад +3

    Hmmmm🤔 reminds me of that cannibalistic radio demon

  • @jahneticz6967
    @jahneticz6967 3 месяца назад +1

    Mafia: Defintive Edition on Xbox Game pass brought me here

  • @V0X6666
    @V0X6666 6 месяцев назад +2

    Why I haven’t been that entertained since the stock market crash of 1929 AHAHAHAHHA

  • @sheldonhchambliss1385
    @sheldonhchambliss1385 8 месяцев назад +1

    I heard it was a space ship sighting

  • @stevehartman1730
    @stevehartman1730 9 месяцев назад +1

    There always has to b a blamed party. Stand up n take responsibility.

  • @christopherlmoo
    @christopherlmoo Год назад +3

    I came here from Alastor from Hazbin hotel.

  • @marknewton3765
    @marknewton3765 Год назад +5

    What caused the 1929 stock market crash....people getting greedier and feeling that they have more entitlement than others....

  • @areaassetareaasset
    @areaassetareaasset 7 месяцев назад

    are a asset ailna bawer full as

  • @johnnystewart83
    @johnnystewart83 Месяц назад +1

    Greed.

  • @Chuck44442
    @Chuck44442 Год назад

    Does USA govt still buy- up 🧀 cheese, ie, govt cheese. ??

  • @brett_kendrick82
    @brett_kendrick82 11 месяцев назад +1

    All that money went somewhere...

    • @gregorylyon1004
      @gregorylyon1004 4 месяца назад +1

      Only 10 percent of that money existed. They were buying stocks on margin. You would put 10% down and finance the rest. So 90% of the stock market money never existed. It was a joke

  • @areaassetareaasset
    @areaassetareaasset 7 месяцев назад

    are a laki asset alina markiet bawer full as

  • @trustyshellback
    @trustyshellback Год назад +2

    ⚫🔵⚫🔵⚫
    THE GREAT DEPRESSION STARTED ON THURSDAY 11 DEC 1930 WHEN THE FED REFUSED TO LEND MONEY TO THE "BANK OF UNITED STATES" LOCATED AT 77 DELANCEY STREET IN MANHATTAN, NEW YORK CITY.
    ⚫🔵⚫🔵⚫

  • @misterbig9025
    @misterbig9025 Год назад +2

    GREED

  • @DouglasMoon-w8n
    @DouglasMoon-w8n Год назад +1

    😌🎱🙏☎️🦸🔌👑🎬🙊🪖🫁🎓👃🪤🕶️🧤🪠🕷️🎩📹💰💰💰💰💰💰💰🎧🥅📢💎🏆🏆🏆🏆🏆🏆🙉🏧📀🌐📱🦻🦻🛵🛵🛵🛵🛵🛵🛵🔋📟😘

  • @clarenceawalker1873
    @clarenceawalker1873 23 дня назад

    PICK LOVE ❤ 1TIMOTHY 6:10 KJV 🦋💍🧞‍♂️🦅

  • @lovinghand7325
    @lovinghand7325 Месяц назад

    I didnt understand a single thing

  • @ms.fabb-1ms.fabb-152
    @ms.fabb-1ms.fabb-152 5 месяцев назад

    The whole time it was Naked shorting that we, the retail investors in 2024. Facing today . hedges fund and short sellers.stealing money and destroying Companies. Same things wicked 🤔🤔🤔🤨

  • @crosbyllc5426
    @crosbyllc5426 Год назад +2

    I believe the stock market caused the depression, because had not the crash happened, it wouldn't have caused a domino effect to everything else...

  • @red5standingby598
    @red5standingby598 Год назад +12

    What Caused the 1929 Stock Market Crash? DemocRats!!! and there doing it again.

    • @Johnny-kq9wb
      @Johnny-kq9wb Год назад +3

      As if the re-publicans didn’t cause it. Ie calvin Coolidge

    • @That.Lady.withtheYarn
      @That.Lady.withtheYarn 10 дней назад

      Really you might want to take a better look. Those democrats pre crash, multi decade party switch, became today republicans. Just look at the what they just tried to pull, shut down the government right before the holidays because reds were getting threatened by Dt and musk.

    • @That.Lady.withtheYarn
      @That.Lady.withtheYarn 10 дней назад

      Those democrats became today’s republicans. And they’re willing to cut social programs to make the rich richer. Multiple crashes

    • @That.Lady.withtheYarn
      @That.Lady.withtheYarn 10 дней назад

      Third times the charm. Because my comments, that were true, disappeared. Those demo became, through the multi decade party switch, today’s reds. And given what stunt they just pulled to shut down everything before holidays. You should be blaming the reds as multiple crashes in my life happened by them.

  • @BaithNa
    @BaithNa Год назад +9

    I guarantee that if this happened today, people would blame it on "wokeness" lmao

    • @Dontdoit_
      @Dontdoit_ Год назад +2

      Of course, blame everything but capitalism

    • @scottlayne7558
      @scottlayne7558 Год назад +1

      @@Dontdoit_ What would your solution be

    • @Dontdoit_
      @Dontdoit_ Год назад

      @@scottlayne7558socialism for $500.

    • @mrrogersrabbit
      @mrrogersrabbit Год назад +5

      No, people would blame “capitalism” without elaborating further.

    • @scottlayne7558
      @scottlayne7558 Год назад

      @@Dontdoit_ Riveting

  • @SpideyPookie
    @SpideyPookie 10 месяцев назад +1

    AHAAHAAHA
    Sooo many orphans

  • @bonniegaither3994
    @bonniegaither3994 9 месяцев назад

    Off topic, but cars are pretty much the reason we have such crappy infrastructure and are really only able to drive cars everywhere.
    We need more trains, public transportation, but that will never happen as long as the gas and oil industries remain in power.

  • @rentslave
    @rentslave Год назад +1

    It's not a what.
    It's a who.
    Ellery Queen is not needed for this one.
    It's the usual suspects.

  • @StefanGartner755
    @StefanGartner755 Год назад +19

    I haven’t been so keen on trading crypto lately because I’ve not really made profits since the bearish market…..Any idea how I can make good profits??

    • @kingstonmartinez4592
      @kingstonmartinez4592 Год назад +1

      I've read articles of investors who mentioned Janet Lindsey and her consistency in making lots of money from crypto..

    • @tashagreen7406
      @tashagreen7406 Год назад

      I'm thinking about investing also, any suggestions pls?

    • @JaroslavGolubev
      @JaroslavGolubev Год назад

      Ever since I started investing with Ms Janet Lindsey I encore no losses with an initial investment of $5,500 and I made up to $17,000 weekly.

    • @amandadonald7750
      @amandadonald7750 Год назад

      I just got a new car Thanks to her. And she has helped improved the life of my family and friends. I now make €14,500 weekly . All I had to do is trust her.

    • @LuisellaLorenzo
      @LuisellaLorenzo Год назад

      I found Janet's portfolio some weeks ago online. It was very remarkable and I was so impressed with the reviews. I've made up to $10,000 with her.

  • @Unknown-nt8sd
    @Unknown-nt8sd 4 месяца назад

    I made my first 23 bucks 😎

  • @renbro2409
    @renbro2409 Год назад +1

    Soooooo many people use sooooo many words. Just one word. GREED!!!!!!

  • @stevehartman1730
    @stevehartman1730 9 месяцев назад

    Stefan, please get out of Crypto Asap. Theres nothing behind it.

  • @sonofyah-qx8fm
    @sonofyah-qx8fm Год назад

    Lies !

  • @JesusRodriguez-kd8es
    @JesusRodriguez-kd8es 8 дней назад

    Thats easy, Republicans!

  • @alainplayground9994
    @alainplayground9994 10 дней назад

    penic

  • @chickentoucher55
    @chickentoucher55 3 месяца назад

    Thanks Joe Biden

    • @ChaosAngel9151
      @ChaosAngel9151 2 месяца назад

      He was still a young 158 year old back then 😊

  • @brandonbath6097
    @brandonbath6097 Год назад +1

    Let’s see if this is actual history, or what all of our third grade teachers “taught” us.

  • @glowshine8102
    @glowshine8102 Год назад

    First here

  • @tomsondles8950
    @tomsondles8950 7 месяцев назад

    JOE BIDEN

  • @alithelin1234
    @alithelin1234 Год назад +7

    jews, capitalism

    • @Dontdoit_
      @Dontdoit_ Год назад

      Wtf, Jews have nothing to do with it.

    • @alithelin1234
      @alithelin1234 Год назад +2

      @@Dontdoit_
      capitalism is a jewish invention

    • @alithelin1234
      @alithelin1234 Год назад

      @Appalachian survival
      Capitalism is unnatural and immoral. If you want to have free enterprise and common prosperity you need to have a dictatorship of the workers in the form of a vanguard party that seizes state power to enforce it in the interest of workers. You can’t have the anarchy of capital roaming free with no chains.