What would happen if we had a stock market crash like 1929 today? “America would be in chaos, china would take over as the largest market in the world since there right behind us’ (Why Wall Street). With all the gun’s we have today people would be running rampant looting stores, and going crazy. China would take over as the world's superpower, America would most likely declare martial law to stop the chaos until the government can fix everything. The rich would not be affected again, there would not be a middle class just a poor class. “Our politicians probably would not be able to do anything because they're so divided, and our government might even shut down” (Why Wall Street). If our government shut down martial law might not be declared, and then it would get really ugly. People would be ransacking stores for food, using guns as the new law, and the law would no longer matter. Only survival would matter, and finding supplies until the military hopefully stepped in. Without another big war to bring America together, or our politics coming together we would be doomed in this scenario.
What precautions have we taken to avoid another big stock market crash? “You can no longer buy on speculation like …show more content…
“We did not get rid of it because it had become so big in our economy we could not” (Carroll 34-35). Getting rid of wall street would have been economic suicide. Our economy is a free enterprise the stock market is what makes it the best one in the world.“Without it half the business you see today would not be around, and a lot of millionaires would not have been made”(Why Wall Street).Wall street gives people the opportunity to become rich fast and business to open with large funding. Without wall street we would not have as many businesses as we do today, people would have a much harder time opening a business. The stock market has become so attached to the economy it is impossible to get rid of
What precautions have we taken to avoid another big stock market crash? “You can no longer buy on speculation like …show more content…
“We did not get rid of it because it had become so big in our economy we could not” (Carroll 34-35). Getting rid of wall street would have been economic suicide. Our economy is a free enterprise the stock market is what makes it the best one in the world.“Without it half the business you see today would not be around, and a lot of millionaires would not have been made”(Why Wall Street).Wall street gives people the opportunity to become rich fast and business to open with large funding. Without wall street we would not have as many businesses as we do today, people would have a much harder time opening a business. The stock market has become so attached to the economy it is impossible to get rid of