Compare and contrast what you know about the 1920s stock market crash (read: http://www.pbs.org/fmc/timeline/estockmktcrash.htm) with the claims of the Occupy Wall Street Movement (read: http://occupywallst.org/about/).
What are some similarities that you see? What about differences? Do you think the US will experience a crash like that of 1929?
66 comments:
I don't think that the US will experience another crash like the one of 1929.
It's true that the super rich are pretty much leading the "poor", but now the US economy is influenced a lot more by the other countries than it was in the past.
Now that the economy is globally expanded, every problem in any economy (i.e. Greece), will affect the whole world's economy.
The Occupy Wall Street Movement was ongoing. The Stock Market is still around. The Stock Market Crash led to the Great Depression. The Occupy Wall Street Movement began last year. I don't think our economy is as bad.
Everyone knows about the stock crash, when stocks had dropped 80% from their peak, because of it many people lost a majority of their money. It also deeply effected the economy, no one wanted to buy and more stuff because they felt poor. So nothing was selling. Banks also tried to collect on loans to stock investors whose holdings were worth absolutely nothing. They also had stock certificates that were now worthless, so banks began to close by the hundreds. How this is similar to the occupy wallstreet is that in the economy we have now, it is run by the rich and wealthy, the 1%. While some are sitting back not really having to work to earn their millons while the common people, the 99% are struggling everyday to make an income. People are protesting wallstreet in an effort to fight against major banks.
Similarities of the stock market crashing and occupied wall street is that someone is trying to take over people's money. such as bank, or rich people. They are different because stock market actually crashed and since it was the first time, they did not know what to do.
US probably will experience a crash again because history repeats itself.
I don't think we will experience such a severe ctock market crash like in the '20s because since it happened we've learned from it. Similarities between the Roaring '20s and Occupy Wall Street are that there are people who are unfairly wealthy. However, in the 20s the rest of the population that weren't super rich were super poor, but right now, most of the 99% is doing okay and not suffering as much.
The 1920s hidden problems and occupy Wall Street have many similarities. For one that ratio of poor to rich people is about the same. In the 1920s, there was a very small amount of people in America that had money, most were the in the working class. That can be reflected today. There is only about 1% of all Americans that are rich, which leaves the majority to be in the working class.
The differences were the banking systems. In the 1920s banks tried to collect loans on stock markets, but they were unable to collect. Where as out banks to day have shut down due to the lack of business.
I think that our economy is bad, but not to a complete crash. I think that if some of the major issues today are not taken care of, then we have a higher chance of having an experience like the 1920s.
I don't think that the US will experience another crash like the one of 1929.
It's true that the super rich are pretty much leading the "poor", but now the US economy is influenced a lot more by the other countries than it was in the past. ..
Looking at both events the only large differences are that the stock market crash was in the 1930s and involved a stock market crash, as for the US experiencing a crash like that of 1929 I don't think it's impossible but at the same time I really don't care all that much this doesn't concern students on the level it does job holding adults.
Occupy wall street is the new generation of "participation trophy kids" they have had fuax-accomplishments handed to them in this generation; false accolades with a desire for praise that reach no zenith. Prior generations it would be "Look at Mr.Smith in his Rolls Royce--you should strive to be like that man; that man built a business" now it's more like "Why does Mr.Smith have a Rolls Royce, I want a rolls royce! Let's go throw a window through his car and take some of his stuff". As for similarities there really is none in terms of causing a "crash" the monetary system is different and the trust standard we see today is backed more so by military power among other viable resources. Seeing our USD has become the monetary backbone to many of the worlds currency including China's, the global community would not allow a nation such as the U.S to collapse nor could we due to many-a-other resources.
I think that the stock market will crash again. Things are getting wores i honestly think. People are haveing a hard time paying the deits back.
The one percent has earned that title and if they still have the money behind it, it means they continue to earn that money and deserve their title. The U.S. is depression bound no matter what we do. we have to much debt to keep a visual economic safety and once our economy falters people will loose faith in it and it will become another depression.
similarities:everyone is trying to get out of the recession;depression.
differences:wall street is people fighting back against th rich, and thestock market crash people tried withdrawing from the bank to get money.
i dont think the us will ever experience a stock market crash like the one where it leads to a depression. but its posssible that the us may experience someting close to it because the economy is so bad.
~kristina L
The stock crashed bad They lost lots of money and people were left in the streets They lost there homes, they lost there jobs and were on the streets living with there kids. They were 140 billions have been disappear.
I think the use will experience a crash like the 1929 . If the stock crash it will be more bad in the us. They will be more jobs lost that is not good for us.
The main difference between the stock market crash in the 1920's and the Occupy Wall Street movement today is that it was more of shock to America. They both deal with the stock market and how it is fatal to our economy if it does not do well. The stock market crash in the 20's left people in shock and in a deep depression. Today, more people are angry about the state of the economy and where it seems to be going. I do not think that we will have as bad of a crash in the 1920's because we have been through one before and know now what to do in the case that it happens.
Though it is set out there as a possibility, I doubt our stock market will crash as bad as it did in the 1929 disaster. I understand where the Occupy movement is coming from, however, even if we equally distributed the money throughout the world, someone would be smart enough to find a way to jump ahead. If you change the system, someone will find a way to get ahead. Its not the system, its the people. Many people have become wealthy through hard work, perserverance, and talent. Others have through cheating the processes and taken money to become one of those select few.
Economies are similar since then. Almost like it will happen every century or so. But its because the government buys more than it can afford, gets loans from other countries, and puts us now $10 trillon in the hole. (Thats a hell of a lot of money, people.) If we cut the spending and actually invest in something that will have long term economical success (i.e. the space programs), then we will start to see everything get better. But until our so-called government can get their heads out of their behinds, we will still be in an economic hole. People will be left on the streets until things have a change.
I believe that the similarities of then and today are alike.The rich still control the poor and the small business and the poor still have no control.We have a bad economy as well. The differences are the crime rate was a lot bigger. The gangsters had a lot of control of things. Alcohol was illegal now its legal for 21 and older.No i do not think it will crash.
I don't think the US will experience a stock market crash like it did in 1929 because we as a country have learned from our mistakes. Although I hate that there is still a wealthy 1% getting all the benefits from the hard working 99%, I don't think that will ever change. There will always be wealthy people and there will always be poor people. We need to focus on regaining the middle class.
The stock market crash led to the Great Depression. I do not think occupy wall street will result in something so dramatic. Stocks dropped 80% off the peak, for the stock market crash. Occupy wall street is the worry of getting rid of a middle class and just have lower classes and higher classes. In both situation there is someone trying to take over the money there is also a lower class demanding something and a higher class not doing anything.
The stock market crash led to the Great Depression. I do not think occupy wall street will result in something so dramatic. Stocks dropped 80% off the peak, for the stock market crash. Occupy wall street is the worry of getting rid of a middle class and just have lower classes and higher classes. In both situation there is someone trying to take over the money there is also a lower class demanding something and a higher class not doing anything.
I think the big difference between the 1920's economic issues and today's is that the middle class isn't suffering nearly as bad as the middle class of the 1920's. Another difference is that I think our economy is influenced more by trade with other countries, so the rich 1% have less power than they did in 1920.
I think the comparisons between then and now are that they are exactly like the same thing as any other time period. The 1% of people who are rich have everything while the 99% of the population are struggling to make it in life.
I believe that there are many similarities between the 20's and now, but I don't think we will drop into the Depression again. Everybody is fighting to get out of the recession. This time there is Occupy Wall Street fighting against the rich people, back in the 20's people attempted to withdraw their money from the banks. A few years from now we will experiance something close to a depression if the economy contunies to plunder.
I see that we still take advantage of the stock markets. The poor are still suffering while those wealthy are doing splendid. The difference between now and then though is that we have advanced immensely and learned from many mistakes. We are still making wrong actions in controlling our money but it's better under control than back when the 1929 crash.
I don't think that the economy today will crash like it did in the 1920's because i believe that we are much smarter with our money than we were 90 years ago.
I think that the rich do somewhat control the "poor" but at the same time they don't. The only way the rich control the poor is by what they can do with their money, but the poor have just as much rights as the rich do. It's not like it was 90 years ago, where the rich only had they say in what happens with the government. Everyone is equal and it matters what they want too.
there both similar because were trying to do the same thing and that's get out of a recession but i dont think that we'll have another crash in the stock market.
The stock market crash in 1929 cause the great depression and the stock market still is down today. Occupy wall street is a recent movement. Both of them have something to do with banks. In 1929 many banks closed because of the crash. in both of these problems the government tries to solve it by taking peoples money. I don't think America will experience another great depression but it is always a possibility.
I don't think the United States will ever have to experience a stock market crash quite as bad as the one in the 20's.
I think that back in the twenties they weren't as good with handling their money like we can now. I agree though, that "The rich get richer and the poor get pooer" I just don't feel like it's the same way now. I think that most people have enough common sense to handle their money. I just think that occupy wall street is a way for people to try and help others by stating their opinion. Hopefully, we won't go into a stock market crash.
In 1929 the stock market crashed which led to the Great Depression. During the Great Depression the majority of banks closed and all the lower class people suffered harshly. The wealthy carried on just fine. Now Occupy Wall Street is the new buzz. The wealthy which is the 1% is living just fine even though we are suffering economically. The money that is in the 1% stays in the 1%. The other 99% is everyone who is suffering by losing their jobs, houses, and lives because they cannot survive in this economy anymore. In 1929 and the present we are dealing with economical issues. Yes the 1929 stock market crash was much worse, but until the economy truly begins to pick up again there is nothing that says we won't face another Great Depression.
i do not think that the stock market will crash like it did in 1929. some of the hidden problems in the 1920 were over production, income gap, lower prices,and more. occupy wall street is saying that 99% of americans are being ignored.
the similarities are that some people are unfairly rich and some who work all day and night dont get a fraction of what he rich people get for working an hour.
but i also thing that if you have a good education with a good job that you worked hard to get you should get payed well.
I think there are a lot of similarity's between the market now, and the 1920's. Tax in both generations, is probably too high for any average American to pay over and over. Sales tax in Arizona alone is almost 10% on top of the tax the government takes off of your pay check. I think if we do not change some of our tax policies we could be headed for the same economic depression in the 1920's
Our economy isn't as bad as it was during the great depression although we have a lot of people mad with occupy wall street. Occupying wall street started last year and the great depression was over 70 years ago.
Our economy will never be as same as it was back in 1929.
I don't think that the Us stock market crash would happen again because i think we have learned our lesson. The similarities is that the wealthy survive and the common people struggle.
Yes, the times are similar. It all boils down to how people are going to rect to the situation at hand. I do not think we will have a crash as drastic as the one in the 20's but i do believe that we are heading in the wrong direction with whatever we are doing. Obviously the biggest similarity is the people are upset and frantic. The economy is going down, and people do not know what to do. The difference now is people are upset about who is making the rules, which turns out it is the rich people. All in all, its time for a change.
I don't think that we will have a large economic downfall like we did in 1929. It may seem large to many poeple but if you realize it, it is no where near as low as the great depression was. We are experiencing stocks dropping in value everyday but there are still other stocks that are remaining steady. There are people losing their houses, jobs, etc because of the economy. But who knows, the stocks may continue to drop drastically and we could go into a second great depression.
The crash from 1929 is something the US will never experience again. Our economy may be in a spiraling debt but we will never be as bad as 1929. Eventhough we are poorer than other generations, we will never compare to the 80% stock drop.
I dont think the market is as bad now as it was in the 1920's. Occupy wall street started last year and the stock market crash was a long time ago. Roughly the same amount of people are hurt from both of them.
I don't think that the Occupy Wall Street Movement will lead to an economic decline as crucial as the Great Depression was. Even though our wealthy to non-wealthy ratio is similar to how it was in the 1920s, I think we can handle it so that it doesn't get to that point. A difference is that we have already experienced a depression. Another difference is that our banks now are being closed. However, in the 1920s the banks didn't close. They just were not able to successfully collect loans.
I think that we are making an improvement in the economy. I think that in the 1920's money was given in credits and on peoples word.the problem with "word" and "credit" is that people had credit to buy things, but when people would buy more than they could afford, they would be in debt. Now, people are struggling, but i feel as though in the 20's it was more of the people's fault, as opposed today, where i feel as thought it is more of the governments fault for our economic downfall. Im not saying that we are not to blame, but now were want to try to get out of the recession, but it is hard to boost an economy in under four years, after we inherited it from eight years of destruction, but thats a different matter. I hope that our country will be powerful in its economic aspect again.
*SIMILARITIES: It both affected the people who held stock and the both affected th eeconmy quite a bit. They have strong headed people stadning for what happened. They still have that 1% if the wealthy population coming out of it though.
*DIFFERENCES: Obama has yet to do anything like Roosevlets credit idea that is still in high action today. Also the market dropped 80% in the 20's it did not drop much today.
*WILL THE US EXPERIENCEA CRASH LIKE 1929?: I am going to have to go with no, becuase we are already on our way to digging ourselves out of this little hole we've hidden in and we popping out of it very slowly but surely!
i do not think that we will have another crash like the one in the 20's,i think we will have a far worse problem .... we caused the problem were in, by giving everyone loans on housing and other high dollar assets when we knew they could not pay the loan and the people that could afford there house payments refinanced the crap out of there houses and now they cant pay there morgage but yet everyone is in total shock and didnt see this coming for some reason , shows how smart americans are!.... the only thing we can look forward to is a dark future when the U.S. dollor collapses .... i gess its just a question of who's going to take our land in ww3.......
The Stock market crash of 1929 is just like what is going on today. Kind of similar but not at the same time. We are in a recession, we are in a great deal of debt, and the American's are losing their job's left and right. When the Stock Market crashed back then, it lead to the Great Depression.
Carsen
Sim: Everyone is trying to get out of a recession/depression.
Diff: Wall street is people fighting back against the rich, and the stock market crash was people trying to withdraw from the bank to get money.
It could be possible that it would happen again but i dont think itll be quite as bad as it was back in 1929. Only time will tell though.
A similarity is that people are going to get there money out of banks, but now people are getting their 4O1 K's out before they lose it.
A Difference is that now people are fighting the government and using their rights to express their opinions and views.
I dont think the US will ever experience another crash like 1929. Now we know what went wrong then so it shouldnt happen again; it could happen if the republicans and democrats dont get there acts to together and agree on something. :P
The similarities are definitely the wealthy 1% and the middle/lower class 99%. There seems to be more protesting going on during Occupy Wall Street and close to none during the 1920's.
Honestly, I think there is a very big chance of another stock market crash in the near future. But that's only a crash. Because it's happened before and we know how it will bounce back eventually, I think people will be more lenient about keeping their money in the banks instead of taking it all out in fear of it being lost forever.
The similarities between the Occupy Wall Street movement and the Great Depression was that the stock market and Wall Street were the cause of the economic crisis. In the Great Depression, the stock value falling created bad effects on the economy. In the Occupy Wall Street Movement, they also claim that Wall Street is the reason for the economic crisis. Another similarity is that in both situations the economy has definitely fallen.
The differences in these two situations is that the banks were much more involved in the Great Depression. In the Great Depression, banks lost a lot of business and customers. In the Wall Street Movement, the banks are still running despite the conditions. They haven't closed down like in the Great Depression banks did and haven't experienced such a panic.
Even though it seemed like it at first, I do not think that the U.S. will experience a crash like in 1929. I think that more people are slowly beginning to acquire jobs and more jobs are being created. Although times are hard today, I do not think that it is at the intensity and panic that it was at during 1929.
The similarites of the crash of 1929 and occupy wallstreet is that they both are basically dealing with people trying to take our money.In 1920, the people were becoming jobless, homeless and overall moneyless. They had no way up it seemed like, and people were only getting poorer and poorer. Occupy wallstreet is the people trying to take over our money and control everything. In my eyes, the two are not all that much different. They both effected the economy in a terrible way and are leading to us potentially losing a lot of money.
emma mcwilliams
The similaritie is that peoples are trying to take over other peoples money.
Different are systems of the banks. Back in the 20's they wanted to collect loans, but weren't able to shut down due to the lack of business.
I don't htink it's going to be that bad again, because we can learn from that past, but you never know.
The similaritie is that peoples are trying to take over other peoples money.
Different are systems of the banks. Back in the 20's they wanted to collect loans, but weren't able to shut down due to the lack of business.
I don't htink it's going to be that bad again, because we can learn from that past, but you never know.
The main similarity is the fact that, whether its the rich or the banks, they were trying to take the working-man's money which made the poor poorer and the rich slightly richer. The difference is when the stock market crashed, it was unexpected and they were not prepared but for the occupy wall street, well there have been other events when people rised up in protest.
smilarity of between them is people are not fair. 1% people are super wealthy but 99% are not. and i don't think US will experience Great Depression because now all world are connected so we can prepare that.
In my opinion the US will not experience a crash like in 1929 again, because the economy is more global now and other countries "take care" of each other like it's happening in Europe now.
I think it's still a problem that the richer people are "controlling" the people which are more poor but it's not as bad as it was in 1929.
I really dont think that the Us will experience another crash like what happened in the 1929s leading to the great depression, because of The stock market crashing it basically lead to the great depression, and The occupy Wall street movement began just alittle over a year ago. in my opinion, i really dont think our economy is too bad, it could be better though
These things are similar because there is a lot of unemployment and people are upset with the government. But also it is different because the stock market has not crashed.
I don't see any similarities. I don't see any differences either. I do think that the u.s is going to experience a crash like that of 1929.
-Samantha Rieck
The most thing they both have in common is the unemployment. The disappearance of the middle class. I really don't know much about the details of our current economy, i know that its really bad and America is in dept. I dont think that its as bad as the 1920's because our gov't nowadays helps and gives money to people in need.
I don't think the stock market will crash anytime soon, but what do I know I'm only 16. I don't think it will get that bad again because we learned form our mistakes. Well I hope we did.
I don't think the U.S. will experience another stock crash or depression because we have learned from our mistakes. Also, our government is more willing to bail out businesses and banks. Americans are also smarter about their money and more careful about what they do with it.
Occupy Wall Street is a people-powered movement that began on September 17, 2011 in Liberty Square in Manhattan’s Financial District, and has spread to over 100 cities in the United States and actions in over 1,500 cities globally. The stock market crash has made so many stock go up, down, and every other way. It has made so many people angry and has do so many other bad things to the acconomy and has spread everywhere.
i would be surprised if the stock market crashed as bad as it did in 1929. i think were more experienced than we were back then.
im kinda on the fench about it but im leaning to it wont because i think now all this time since 1929, i think we've learned our lesson the first time and know what and what not to do.
The difference is back then people lose their jobs and have nothing left, but now people don't lose their jobs. The movement idea was they don't satisfy the rich that make lots of money from the worker class.
The similarity between them is people are mad about the banks and big businesses. In 1920s, people put money in the bank and it's all gone. Nowadays, Occupy Wall Street Movement is protesting about big banks because they invested poorly.
Stock Market today is still fine and I don't think it will crash like back then. After the stock market crash in late 1920s, the government made rules to help prevent it from happening again. So, if it crash, it will not be as terrible as back then.
the similarities between the stock market crash and and the occupy wall street both involve the goverment and more deals were made
and i hope the stock market doesnt crash again
I don't think that the us will ever go though his again . I think that we learn from our mistake and we got smarted by the years
From 1920 to 1929, stocks more than quadrupled in value and gave investors and banks a false sense of security. Markets throughout the world and throughout history have proven that what goes up must come down. Financial institutions, investors and the U.S. government should have seen that at some point there would be an end to the long run-up in stocks.The stock market crash banned banks from investing depositors’ money in stocks. But over the next 80 years, banks figured out other ways to use money inappropriately. In the mid 1980s, nearly every savings and loan in the U.S. became bankrupt and was taken over by the government. The banks were issuing bonds to investors and said they were backed by mortgages on houses. When the housing market busted, the banks had no money to back up all the bonds they issued and couldn’t pay back the investors. In the latest banking bust, banks were offering mortgages to people to buy homes without any collateral, or any assets to back up the loan. The mortgages were structured so that after a certain amount of time, the monthly payment would balloon to a much higher amount. When people bought the houses, the value of a home was rising at a historic rate. But just as in the 1920s, what goes up must come down. Housing values dropped and pretty soon people owed more money on the mortgage than their home was worth. Banks started foreclosing on the homes and showed no mercy to the average homeowner. That was just one reason people started the Occupy Wall Street Movement. They wanted to let big corporations, Wall Street and multi-national banks know that they were fed up with banking policies. There likely will be many more stock market crashes in the future. Computerized trading, securities companies where traders bet on stocks in anticipation of them losing money and other market tricks make stocks markets throughout the world volatile.
Post a Comment