What happened the day after the Great Depression?

Question

Did the stock market rise a little, or did it fall more?

Answer 1

The link between the 1929 Stock market crash and the GD is quite problematical.  Many economic historians dispute or qualify it.  There are signs the economy was in trouble before the crash.  Other market falls like 1987 (?) did not cause depressions.

In 1930 the market rose to 1929 pre-bubble levels, before falling again.

Answer 2

There were people leaping "off" tall buildings. Seriously. <}:-{(

Answer 3

  The Great Depression did NOT end one day. It ended gradually. But since a stock market is a bit indicative of the economics of a country, yes, the stock market would rise.

Answer 4

the great depression ended when roosevelt anounced the new deal, which helped the US gain its economy back one step at a time. it took many years after this bill for the economy to fully recover

Answer 5

I think the stock market crashed on a Friday so everyone stewed on it over the weekend.

EDIT: Nope, I'm wrong.  Started to crash on a Thursday.  Friday bankers got together and more or less held the slide, then stewed on it over the weekend whereupon it crashed further on Monday and Tuesday.

Answer 6

The Great Depression wasn't a single day or a single event. It was an economic maelstrom, a drought, a food shortage resulting from poor farming practices, a banking system collapse and more.

Basically, people lost their savings, lost their jobs and lost the ability to afford even basic items. It theoretically started with the collapse of the stock market in 1929, however many people around the country were already losing their property to foreclosure and losing their jobs due to the collapsing economy. The collapse of the stock market was just the end result of all these other factors and a key point in the economic collapse.

Being literal, the depression was a period when our entire market system sank. There was a down slope, leading up to and including the market collapse, a bottom probably around 1933 when government and private industry began to rebuild, and a rising slope, when the economy began to expand again and national confidence began to return.

Most people seem to agree that the Depression lasted until at least the beginning of World War II, when the economy came under a new set of rules due to the wartime standing. Jobs were created on a vast level to support the war effort and the government borrowed heavily to pay for it all.

So at what point do you say that there was a day after the Great Depression? The market took several days to fully collapse, in October of 1929, and continued to slide for a month before bottoming out.

Yes, the markets rose and they fell after the 1929 collapse. To read more about the collapse, look here: http://en.wikipedia.org/wiki/Wall_Street...

But there just isn't a "day after the Great Depression" or even a day after the market crash.

All this is very interesting in today's climate. We CAN have another depression, where the economy collapses due to poor management.

Several factors concern many economists: The United States is selling tremendous amounts of debt to foreign nations, including China and Dubai; oil prices have so far had little economic impact on our country, but they will continue to rise and there will be a tipping point where our current fossil fuel economy will collapse; home values are plummeting in some areas, falling well below the cost to build homes, leaving thousands of vacant units in some urban areas; and this administration and possibly future leaders will not address these issues seriously.

We need to stop spending more than we take in, be prepared to step out of the fossil fuel economy into some other form of energy, regulate sections of the economy such as the housing market to avoid "irrational exubarence, and demand that our leaders address these big, long-term issues instead of bicker over g*y marriage, flag lapel pins and Michelle Obama's fashion sense.

A depression can and quite possibly will happen again, possibly soon. Learn the past so you understand the signs and hopefully we have a chance to avoid repeating it.

Jim the Yooper

Man, am I a bummer tonight or what?