Many Americans feared that when WWII came to a close the U.S. economy would slide back into the rut of the Great Depression. However, everyone’s fears were met with just the opposite outcome. American consumers were in a frenzy buying new homes and automobiles, while the aviation and banking industries were booming. The GDP more than doubled over twenty years from the 1940s to the 1960s. In addition to the thriving economy, the spike in childbirths known as the “baby boom” was incredible. Something tells me that a massive spike of pregnancies are happening now and will be born around Christmas.

The stock market crash of 1929 – considered the worst economic event in world history – began on Thursday, October 24, 1929. On October 28, dubbed “Black Monday,” the Dow Jones Industrial Average plunged nearly 13 percent. The market fell another 12 percent the next day, “Black Tuesday.” While the crisis sent shock waves across the financial world, there were numerous signs that a stock market crash was coming. What exactly caused the crash – and could it have been prevented?

A stock market peak occurred before the crash. During the “Roaring Twenties,” the U.S. economy and the stock market experienced rapid expansion, and stocks hit record highs. The Dow increased six-fold from August 1921 to September 1929, leading economists such as Irving Fisher to conclude, “Stock prices have reached what looks like a permanently high plateau.” Is anything sounding familiar yet?