Part one of term paper
Thursday, October 24, 1929, has the dubious honor of being called because it was on this day that the New York Stock Exchange crashed. This event heralded the end of the "Roaring Twenties". In the 1920’s, spirits were high in the United States and around the world. The rapid increase in industrialization was fueling growth in the economy ...

Part two of term paper
... large amount of unsecured consumer debt created by this speculation left the stock market essentially off-balance. Many investors got caught up in the race to make a killing. They invested their life savings, mortgaged their homes, and cashed in safer investments, such as treasury bonds and bank accounts. As the prices continued to ascend, some economic analysts began to warn of an impending correction, but they were largely ignored by the money-hungry population. Many banks, eager to increa ...