1929: The Great Crash

Excellent documentary dealing with the 1929 Stock Market Crash and subsequent depression.

What a wonderful time the 1920s brought. America was carefree; World War 1 had ended and we didn't give a hoot about Europe any longer for the isolationists had taken over.

America had found a new toy to play with; a very dangerous toy at that, known as investing in the American stock market. Not everyone should have been in the market and furthermore, not everyone was savvy enough to invest.

We see an era of buying on margin, buying of new consumer goods. We see that America was really in control of some very wealthy bankers who could afford to invest.

We also saw that with the market crash, the banks could no longer bail us out.

An over extension of credit, buying on margin, consumer goods, I thought I was back in my economics classes of yesteryear.

I knew very little about what caused the crash, even though I'm 79, I found it very informative. I have children, and grand children who know nothing about it. I think this is something that should be seen in all our schools, especially with the recession we are in the middle of in Canada. I thought the documentary was well done. I'm sorry that they didn't deal with our present economic problems and how they relate to each other. It was good to be remember what life was like when I was a boy. My father had to line up every day to see if there was any work to do. I remember walking down the train tracks looking for coal so that we could get some heat in the winter.