Economy in U.S.A

By Eric Gonzalez 1002

Black Tuesday The most catastrophic stock market crash in

the history of the United States, Black Tuesday took place on October 29, 1929 and was when the price of stocks completely collapsed. It was because of this day that the Roaring Twenties came to a stumbling halt and, in its place, was the Great Depression. It was an event that most Americans thought they could not recover from the events.

Black Tuesday in a local newspaper.

Black Tuesday Crash

This is a comparison of percentage between Black Tuesday and the days after Black Tuesday

9/11 and the economic changesOn September 11, 2009, The terrorists goal was to cripple the U.S. economy by destroying its centers of power: Wall Street, the Pentagon and the White House. The first two planes successfully hit their targets. The New York stock exchange drop significantly.

Economy TodayThe stock market closed for four trading days after the

attacks, the first time since the Great Depression. (In March 1933, President Roosevelt closed the markets for two days, as part of a bank holiday to prevent a run on the banks.) The stock market reopened on September 17, 2001. The Dow promptly fell 7.13%, closing at 8,920.70. The 617.78 point loss was the Dow's worst one-day drop ever.

The 9/11 attacks aggravated the 2001 recession, which started in March 2001. The economy had contracted 1.3% in the first quarter, but had bounced up 2.7% in the second quarter. The attacks made the economy contract 1.1% in the third quarter, extending the recession. The 2001 recession was caused by the Y2K scare, which created a boom and subsequent bust in internet businesses.

The economies biggest risk over the next twelve months

Comparison from Black Tuesday and Today.