The Impact of the Stock Market's Crash on Rural America

  • CRASH! In late October 1929 – just a few days before Halloween – investors in New York City began to panic.
  • . The stock market had crashed.
  • . Millions of people from all over the world who owned stocks waited helplessly as stock values crashed.
  • . She had just emigrated to Nebraska from Denmark a few months before the crash.
  • . After the crash and the ensuing Depression, land values dropped to less than half of what they had been.
  • . Farmers and rural residents felt the stock market crash as well – people and companies that used to buy food and other agricultural products no longer had the money to buy much of anything.
  • . The crash, along with other factors, produced an economic slowdown that lasted over 10 years and became known as "the Great Depression." Since the 1930s, there have been several stock market crashes and periods of economic slowdown.

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  • . It won't look like insiders rigged a market crash, nor that insiders are profiting by the decline, but the redistribution of wealth will occur nonetheless.

    86-ing the '87 Theory (Stock market, 1987, bonds, inflation, interest rates, yields, recession, economic growth)|
  • . Couldn't it just be an orderly correction? No! The bears are calling it the precursor of a global recession and some are even warning that it will lead to a stock market crash like the one in 1987.
  • . The bears claim that all the conditions are right for a crash.
  • . All these things, they say, are just the same today as they were in 1987, before the biggest stock-market crash of all time.
  • . But the history books tend to ignore the environment in which the crash occurred.
  • . The crash was a reaction to a sudden and unjustified speculative run-up in stock prices.
  • . You can't understand the crash unless you understand the run-up that preceded it.
  • . By the day of the crash in October, yields had risen 300 basis points year-to-date.
  • . And that's the cornerstone of the bear case that we're heading for a crash.
  • . But put away your crash helmet.
  • . And even at that, the 10-year Treasury yield is still a low 5%, compared with more than 10% the day of the crash in 1987.

    The Hindu Business Line : Black Monday revisited
  • . Seshan The 1987 stock market crash was not followed by any Depression, as in 1929.
  • . This day, now known to the world as Black Monday, is documented as the worst stock market crash in history with reverberations across continents.
  • . The 22.6 per cent fall in 1987 doubled the percentage lost in the crash of 1929, which ushered in the Great Depression.
  • . The other two were the expectations of convulsions in the financial world on the eve of the new millennium because of a possible crash of computers and the 9/11 terrorist attack.
  • . The 1987 crash was not followed by any Depression, as in 1929.
  • . The causes of the crash have been written about by many researchers.
  • . Some of them are: (1) According to the Brady Commission (also known as the Presidential Task Force on Market Mechanisms, which was appointed to investigate the causes of the crash), the failure of stock and derivatives markets to operate in sync.
  • . There is, however, a consensus that not one but a multitude of factors led to the crash.


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  • . For perspective, consider that: The current decline in shareholder fortune rivals the 1987 market crash, though the country came back fairly quickly from that decline and then swung into the spectacular--maybe too spectacular--1990s.
  • . Following the October 1929 stock-market crash, RCA lost 60% of its value; it didn't recover its 1929 highs until 1951.

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  • . (However, this was part of a world-wide crash of stock markets which did not originate in the US.) This event demonstrated that share prices can fall dramatically even though, to this day, it is impossible to fix a definite cause: a thorough search failed to detect any specific or unexpected development that might account for the crash.
  • . In the period running up to the recent crash, less than 1 per cent of the analyst's recommendations had been to sell (and even during the 2000 - 2002 crash, the average did not rise above 5%).
  • . (And later amplified the gloom which descended during the 2000 - 2002 crash, so that by summer of 2002, predictions of a DOW average below 5000 were quite common.) Conclusion There have been innumerable recommendations about how to make the stock market easier and safer for the casual, non-professional investor.

    Stock Market Crash of 1987
  • Stock Market Crash of 1987 - Stock Market Crash of 1987 - Stock Market Crash of 1987 BLACK MONDAY CAUSES and EFFECTS Stock Market Crash of 1987 - Stock Market Crash of 1987 - Stock Market Crash of 1987 On Monday, October 19, 1987, the Dow Jones Industrial Average fell 508.32 and closed at a record-breaking low of 1, 738.40 points (Arbel & Kaff, pg 61).
  • . This date, now known to the world as Black Monday is documented as the worst stock market crash in history.
  • . The 22.9% loss in 1987 almost doubles the percentage lost in the Crash of 1929, which was 12.82% (Arbel & Kaff, pg 61).
  • . Many stock market analysts believe that the crash was set off by a number of events, that include the poor choices of portfolio insurance professionals and program trading.
  • . One of the results of the crash was the creation of circuit breakers, which are techniques that restrict trading times in the market when market value is very high and unstable ( The Economist , pg.
  • . More than one factor affected the Stock Market Crash of 1987.

    The Morning After
  • Next: Up: Previous: On October 19th, 1987, the stock market crashed.
  • . The Dow Jones Industrial Average plummeted more than 500 points, almost five times the previous record single-day drop (which occurred the previous week), and in percentage terms, almost twice the size of the Crash of 1929.
  • . Remarks for the Stock Market Crash Meeting by John Walker -- October 27th, 1987 Welcome to the morning after.
  • . As one who has seen the crash of '70 and the crash of '74, it was abundantly clear to me that we were in one of those rampaging bull markets in which common sense, fundamental values, and historical perspective are trampled in the wild rush to get rich quick.
  • . So what does the stock market crash mean to Autodesk? In terms of direct effects, essentially nothing.
  • . But amid all the comparisons with 1929, let's remember that not every stock market crash leads to a recession.
  • . The stock market crash of 1929 was only part of the great depression, which devastated the economy primarily due to the collapse of the banking system, not the stock market.

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    Guide to Stock Market Depressions
  • . 10 Worst Stock Market Crashes 10th Worst Stock Market Crash (1932 1933): This crash required the longest recovery time of all the 10 crashes.
  • . Date Started: 1/15/2000 Date Ended: 10/9/2002 Total Days: 999 Starting DJIA: 11, 792.98 Ending DJIA: 7, 286.27 Total Loss: -37.8% 9th Worst Stock Market Crash (1916 1917): This market suffered about a 40% loss.
  • . Date Started: 11/21/1916 Date Ended: 12/19/1917 Total Days: 393 Starting DJIA: 110.15 Ending DJIA: 65.95 Total Loss: -40.1% 8th Worst Stock Market Crash (1939 to 1942): It was one of the most grueling.
  • . It took nearly 3 years to recover from this crash! With the attack on Pearl Harbor, the markets had a very tough time.
  • . Date Started: 9/12/1939 Date Ended: 4/28/1942 Total Days: 959 Starting DJIA: 155.92 Ending DJIA: 92.92 Total Loss: -40.4% 7th Worst Stock Market Crash (1973-1974): Another long market crash -one that many people still remember (think Vietnam and the Watergate scandal).
  • . This crash lasted for 694 days before bottoming out.

    The Scout Report for Business & Economics - November 6, 1997
  • . Global Stock Market Contagion The October '87 Crash Ten Years Later Black Monday -- A Look Back at the 1987 Crash Remembering the Stock Market Crash of 1987 1987 Crash - 10 year anniversary The Crash of '87 --- 10 Year Anniversary--The Mining Company This week's In the News looks back at the 1987 stock market crash.
  • . The six resources above provide an overview of the stock market crash then and lessons learned from that experience.
  • . The Dow Jones industrial average fell by 554 points on October 27, 1997, the largest points decrease ever, sparking fears of a repeat of the 1987 stock market crash which happened almost to the day ten years ago.
  • . In the 1987 crash ten years earlier, the Dow Jones industrial declined by 508 points (at that time the largest points decrease) on October 19, 1987 but rallied to increase by 102 points (at that time the largest one-day increase) the next day.
  • . "The October '87 Crash Ten Years Later, " by Robert Parry, President and CEO of the Federal Reserve Bank of San Francisco, examines the lessons learned from the October 1987 crash and the role of the Federal Reserve in this situation.