What factors played into the 1929 newspaper headlines and the Great Depression?
The Great Depression of the 1930s was global and devastating. With the current global economic conditions, it’s worth taking a look at the 1929 stock market crash, 1929 newspaper headlines and the behind-the-scenes moves that brought about this disastrous economic period. Anyone who has studied the stock markets understands that the up and down moves are cyclical in nature. This is a basic precept of the Dow Theory. When economic times are good, a savvy investor can make some nice profits. However, there are other external cyclic events that can be of considerable impact to the markets and which many people fail to notice. This is not surprising, as such events seem unrelated. For example, a catastrophic natural event, such as Katrina in 2005, or the ongoing wars in Iraq and Afghanistan may affect specific stocks, but it’s hard to capture the trickle down effects, which may take years to surface. It’s said that history repeats itself and this is certainly true in the financial markets.
