1. What caused the great crash of 1929?
The cause of the great crash of 1929 was the widening bubble between the reality price of each stock and the price the stocks were being sold at to people. When people realized that the stocks they were investing in weren't actually worth that much, they decided to get out. Soon a lot of people started getting out, and the stock prices kept going down. Eventually, everybody wanted to get out which made the prices crash.
2. What was your strategy in the game?
My strategy was to take out loans to invest in stocks. I didn't want to take out to many loans. I invested my money in the stocks that I thought were doing well. When I wanted to pay off a loan or thought it was high enough to make some money, I sold the stocks. After the rebound, I sold half of my stocks. I didn't get the other half out before it crashed.
3. Were you using what you learned from the text in your strategy?
I was using what I learned form the text in my strategy. I sold half of my stock after the rebound. I was waiting to sell the other half the next turn, but I stayed in a turn too long. I should have realized that after the rebound, I didn't have much time before it would crash again.
thebubblebubble.com
I think you were exactly right when you said that people didn't realize the price of stock was more than it was worth.
ReplyDeleteI agree. People didn't realize the price of the stocks and the price of the actual thing was widening and creating a huge bubble. It really hurt people when everyone tried getting out at once because they put more into the stocks than they got out.
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