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Accounting and the Stock Market Crash of 1929

Susan Hart

Introduction
The 1929 stock market crash is one of the most significant financial crises in the history of the United States. The years following the crash would prove to be ground-breaking for the accounting profession. These years consisted of an increased awareness of the accounting profession and the most extensive changes in financial reporting requirements experienced in the United States. Financial reporting transformed from a management focused, unregulated activity to a series of requirements, strictly regulated by the federal government, with the purpose of protecting investors. This change was brought about by the combined efforts of the accounting profession and government. To understand the significance of these changes it is important to understand the economic, political and business environments leading up to and subsequent to the 1929 Crash.

Environment leading up to the 1929 crash......

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Approximate Word Count: 2298
Approximate Pages: 10 (250 words per double-spaced page)

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