Stokes Biggest Story

The biggest story in stokes, now I think we all know what I am talking about when I say that, The Wall Street crash most severe stock market crash in American history. It occurred in late October 1929. People also refer to it as Black Tuesday, the Great Crash, or the Crash of ’29. Now what this meant for a lot of people is bankrupts and losing almost everything they had other than the clothes they were wearing. On the Tuesday known as Black Tuesday was a huge crash of the stock market and there was a huge amount of bank failure, at this time America didn’t have a huge amount of banks 30,000 and what was worse is that every year, On average, more than 600 banks failed each year between 1921 and 1929. So this left the country in a very bad situation meaning they were very frequently banks were going bankrupt and yeah I know banks going bankrupt doesn’t sound right. Well basically what happens is that banks can lose investment and so if they don’t have money coming in then they can invest and they cant give people money, also can fail due to fail when they’re no longer able to meet their obligations. All of this disruption came from the crash because of the whole a fair no one had money so this meant the banks had no money, you see where I’m going here.

so stocks can be a bit of a wild card regarding my theme of gambling you might lose in normal gambling but at least you can’t lie in gambling in a way it is what it is but with stocks this allows people to lie and corrupt the market and that why they do old this similarity of do be ready to lose money in the swiftness of a knife.