Throughout history, The Stock Market Crash of 1929 was by far the largest slump of stocks. Before this there was prosperity. The stock market risen so high, people thought if they bought on margin they would gain millions of dollars. They were wrong, because of the people who bought on margin and other minor causes started the crash.
After World War I, there was a sharp recession. This happen because of soldiers coming back to jobs and factories stopped turning war materials. At this time the president was Warren Harding. His friends took Harding's Cabinet post causing crimes such as the Teapot Dome Scandal. After this death, Calvin Coolidge took over. Many consumers wanted new goods for their needs. To buy everything they wanted they used installment buying, or buying on credit. …
