the 1929 stock market crash

The 1920's was a time of prosperity. The investment process during that time was going through the roof but was based on a unstable process. Investors would borrow money from brokers who borrowed money from the bank. This process was proven to be unreliable because when the stocks failed and investors needed to repay their loans back, the money was unavailable and permanently lost. Another causes of the crash was a slowly dwindling economy. The economy was booming years before with new forms of entertainment becoming available. Music, cars, television, and new toys set off a big uproar as mass media  started becoming apart of the household. But as the hype died down so did the economy, people were fine with what they had and weren't buying the newest types of entertainment. Broadway was another form of entertainment during the 1920's that went from such a high to such a low. The stock market crash hit broadway hard. It caused a number of productions to decline which put a large amount of people out of work.