What were the Economic conditions in 1929?

Question

I am preparing a speech to explain BLACK MONDAY (1929) in America.
What were the economic conditions and mood at that time?
With the country experiencing "all the BOOMING conditions" with such high prosperity at every corner, I want to learn what were the "underlying factors" that CAUSED the *bust.*
And........... What was the DJIA value at that time (pre-bust)?
I know that the DJIA dropped 503 points on that day.

Answer 1

There was even more income inequality then than there is today, and the country was much poorer than today with the national income only $7100 per person, vs $38,000 today. Being poor in America in 1929 meant you did not have enough to eat. For time series graphs going back to 1913 see
http://www.visualizingeconomics.com/category/graph/
Almost 30% of Americans still lived on farms and they were having a hard time even before the depression. The Boom was in the financial markets not the whole country. There was also a lot of speculation in real estate, especially in Florida.

October 28, 1929 – Dow Jones plummets 38.33 to 260.64 (13% drop)
for comparison of one that did not even result in a recession
October 19, 1987 "Black Monday" – Dow Jones down 508.32 to 1738.74 (22% drop)

Answer 2

Look at America now, and you have a pretty good idea of the conditions which led to the Great Depression of the Thirties. Overspeculation products we'd call "vaporware", the rise of Corporate Oligopoly, a stock-market divorced from reality (production), and I could go on. Money talked and BS walked. Like I said, America, circa 2007...

Answer 3

monetary stipulations have been poverty, extreme monetary problem, hyper inflation and prime unemployment. Social stipulations have been poverty, a violently risky nation. Loss of a horrible battle that ended in heavy expenses in phrases of guys and fabric. Humiliation of a defeated nation by way of the victors and desperation. Germans would see no method out. They would see their nation in cave in and short of a powerful chief. Hitler had powerful definate insurance policies geared toward making Germany a strong revered country once more. He used to be anti comunist - many humans feared communism and a communist take over. He used to be anti semitic and fostered a blame tradition, however so much of Europe used to be to a higher or lesser quantity anti semitic. At that point killing eleven million in camps used to be past creativeness.