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In early 1928 the Dow Jones Average went from a low of 191 to a high of 300 in December of 1928 and peaked at 381 in September of 1929. 1929Â…) It was anticipated that the increases in earnings and dividends would continue. (1929Â…) Price to earnings ratio's rose from 10 to 12 to 20 and higher for the market's favorite stocks. (1929Â…) Observers believed that stock market prices in the first 6 months of 1929 were high, while others saw them to be cheap. (1929Â…) On October 3rd, the Dow Jones Average began to drop, declining through out the week of October 14th. (1929Â…) On the night of Monday, October 21st, 1929, margin calls were heavy and Dutch and German calls came in to sell overnight for the Tuesday morning opening. (1929Â…) On Tuesday morning, out of town banks and corporations called in $150 million of call loans, and Wall Street was in a panic before the New York Stock Exchange opened. (1929Â…) On Thursday, October 24th, 1929, people began to sell their stocks as fast as......

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Approximate Pages: 6 (250 words per double-spaced page)

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