Stock Market Crash Of 1929

             The stock market crash of 1929 was the most devastating stock market crash of the United States.  The twenties started out as a booming occurrence of wealth and pride.  No matter what company was selling stock everyone want a piece of the pie because they thought it was almost certain that they will prosper.  The crash did not happen over night though.  Throughout a period of time you could see prices, speed of production and construction decrease greatly.  Many people had invested in the Dow Jones Industrial but then all of a sudden, their market crashed.  This caused many people to panic because they all lost their money.  Then other people pulled their money in fear of the same thing happening to them.  However, behind the crowded scenes of city life were the farms who thought that they had to produce more food to keep up with this increase of people.  This was not the case.  In fact, the farms began to over produce their crops which caused a country wide financial issue.  Over two days, the market had lost 30 billion dollars.  Many wealthy people tried to buy as much stock as possible to stop the dropping price but it would ultimately be unsuccessful because it was too late.  One man however, Jesse Livermore sold all of his stock when he started to see DJIA go down.  He made $100 Million and had the biggest outcome of all Stock Market history.  This just goes to show that timing is everything when it comes to the Stock Market.