In ten pages this paper examines the economic similarities between these time periods that resulted in stock market crashes of October, 1929 and April, 2000. Seven sources are cited in the bibliography.
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dip in 1987 and the plummet in 2000. Also, the writer comments on how entwined the major markets in the world are today, which means that whatever affects one market
will be felt across the world. Bibliography lists 7 sources. PG2090.rtf SIMILARITIES BETWEEN THE 1920s AND THE 1990s , November, 2001 for
more information on using this paper properly! The similarities in the stock market of the 1920s and the 1990s are remarkable. Both of these decades were heralded as "the
new era" and certainly, they were. Both times, it was technology that was driving the economy and the stock market. The 1920s saw the new era of the technical innovations
of electricity, the radio and the automobile. Fords assembly line production model had increased productivity in the Ford plants. Soon, other industries adopted the model, thereby increasing their own productivity.
The airplane was a new way for both people and cargo to travel more quickly over larger distances. Unemployment rates were low, wages were getting higher, prices for products were
reasonable and inflation rates were low. The American people believed they were in an era of prosperity (Sennholz, 2000). It was a feeling that was captured in many parts of
the world. The Roaring Twenties was a time of prosperity and celebrations. The 1920s may have been known as the Roaring Twenties but at least one columnist referred to
the 1990s as the "a roaring economy" (Vatter and Walker., 2001, p. 90). Between 1922 and 1929, the GNP realized a growth of 4.2 percent annually. Corporate profits were
an astounding 60 percent (Sennholz, 2000). When stock prices did not seem to be rising, President Coolidge and Secretary of the Treasury Andrew Mellon gave encouraging comments