Page 25 - HP3A 011 Stock Market
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market because they had a lot of
money from the public. However,
if the stock prices fell, so did the
private companies and so did the
people’s economy.
An example of the massive impact
a stock market crash has on its
of dollars were lost, and wealth economy was the crash of the
was destroyed in a massive scale. Down Jones on October 24, 1929.
People started to invest in the stock This event is known as the Black
market after the social security and Thursday, in which the company
retirement plans had been passed to lost 50% of its stocks. Also, it was
private companies. These companies one of the reasons to why the Great
would link the money to the stock Depression had started in that same
