1929 Wall Street Crash Facts: US History for Kids

The recent talk about steel and aluminum import duties that president Trump has started, has brought this to the front pages. This has all happened before folks. The was the last time a tariff war was conducted and it was one of the main causes of the 1929 crash and 193o-1932 bear market decline. At that time the markets gyrated everytime the Tariff Act was discussed in Congress, which was well documented in the book on “How The World Works” by Jude Wanniski.

Stock market crash of 1929: Stock market crash of 1929, a sharp decline in U.S

The EU has threatened retalator attacks on US exports that are targeted at president Trumps heartland voter support. That is a very direct attack on Trump supporters as their jobs woud be on the line. Fundamentals keep the masses entertained, but in the end if a big Cycle degree bear market is coming, it matters little what fundamental reasoning they use. Fundamentals will change like the wind and it will drive you nuts trying to make decisions based on fundamentals. In January 2018 the herd was extremely bullish as they bought into this “New Era” hype, and now two months later we hear lots of bearish news. When forecasting a price crash, before it happens, we would also be forecasting that fundamentals will change.


Short Facts on th 1929 Wall Street Crash

The one big thing economist Robert Shiller says is preventing a 1929-like stock market crash

Any major power outages or some solar flare smashing into the earth can stop the Bitcoin network in its tracks. Are investors running into Bitcoins to sidestep the stock markets?, but if this is true, then when stocks make another huge bullish move, Bitcoins should crash.