Stock Markets Exposed

What is NOT true about the Stock Market Crash of 1929?

It revealed financial problems in the US economy Stock values had risen to unbelievable high dollar amounts prior to the crash It alone did not cause the Great Depression The majority of the American public (wealthy to poor) had invested heavily in 1920s stocks What social impact did Orson Well's 1938 'War of the Worlds' broadcast have on Americans listening to it on the radio on October 30th? It encouraged Americans to be more open to new immigrants from Eastern Europe To convince them the Great Depression was over Americans thought the braodcast was true and aliens from outer space had landed To move to California

Public Comments

1. whats your question?
2. History lesson 1) 2, it alone did not cause the Great Depression, the depression was a worldwide event, cause and effect, WWII. 2) Some believed it to be actual news and reacted
3. Answer: "It alone did not cause the Great Depression"! After the stock market crash the Fed tightened the money supply & President Roosevelt confiscated the peoples money......Gold! *********************************************************
4. It alone did not cause the GB. The majority were not heavily invested. The poor did not partake partucularly desipe. The majority of the well to do indeed were.
5. although it did not cause the great depression alone, there were certain individuals who pressured the economic collapse. Savy investors like ROckefeller, Mellon, Carnegie, etc... had been shorting unbelieveable amounts of stock as the public bought them. They knew the markets cound not sustain the parabolic growth. (shorting is betting that the markets will go down, so they made money when the markets collapse.) as stupid investors bought the boom, the smart ones were shorting. When it was all sorted out, the average american was broke, and the others rich. Yet to this day, we herald Carnegie, rockefeller and Mellon as Heroes! When in actuallity, they used the americal people to build their impressive wealth. God bless America!
6. The majority of the American public (wealthy to poor) had invested heavily in 1920s stocks