Differences Between the 1929 Crash and The 2008 Stock Market Decline
November 4th, 2008 . by adminUnlike the 1929 crash, the stock market will not crash this time. There are some fundamental differences between the crash of 1929 and the market decline of 2008. Over speculation of easy-to-obtain stock in the 1920’s caused great fear and panic. It was years before government intervention came in to rescue vital interests.
Today, the US and World Governments remember the crash of 1929 and have responded quickly to take steps to “bail out” financial institutions that are the core of this stock market crisis.
Unlike 1929, the investor today is well educated and informed. He has tools that were unimaginable in 1929. A greater spirit of optimism reigns in the investment world of today.