Answer

Major Causes of the Stock Crash in 1929: Annotated Bibliography

Primary Sources

Primary Source Number One:

Citation: 30 October 1929. Common American Journal. Google. Web. 26 June 2020.
        <http://commonamericanjournal.com/?p=5150> (Photo)

Annotation: This source depicts a picture of a car being sold by individuals a day after the stock market crash occurred. Essentially, many people sold their valuable properties after experiencing huge financial loss following the occurrence of stock market crash. Intuitively, the source supports the research thesis since it discusses the causes of stock market crash and its impacts. The source explains that the central impact of the crash is that it compelled people to sell almost everything they had in order to get money during the crisis.

Primary Source Number Two:

Citation: 30 October 1929. Common American Journal. Google. Web. 8 October 2012.
        <http://commonamericanjournal.com/?p=5150> (Newspaper)

Annotation: The source is a picture that appeared on the New York Times Newspaper dated October 30, 1929 under the title; Stocks Collapse In 16,410,030- Share Day, But Rally at Close Cheers Brokers; Bankers Optimistic, To Continue Aid.  It articulates a mixture of optimism and fear. During the crash, people had no choice but to remain confident because doing anything contrary would worsen their panic. Moreover, even those who never expected recovery expected short term financial challenges. One of the primary consequences of the crash is that it ruined many firms and individuals. Principally, this source supports my thesis statement because it explains causes of the stock crash and its effects on people, companies and economy. By allowing people to understand that the recovery was not happening, the source allows them to appreciate the role played by poor financial investment in the occurrence of the crash.

Secondary Sources

Secondary Source Number One:

Citation: Claire, Suddath. “Brief History of the Crash of 1929.” Time. Last modified October 29 (2008). Retrieved from <http://www.time.com/time/nation/article/0, 8599,1854569,00. html

Annotation: This source summarizes the stock market crash of 1929 by explaining what transpired before and after the crash. It states that the panic of stock market crash obliterated all the possible hopes of the recovery and that most economies were on the verge of economic trouble. According to the article, the immediate effect of the crash is that it made companies to lay off their workers, decreased industrial production and swayed economies into depression. The source supports the thesis statement because it explains what transpired before the stock market crash. In particular, it explains factors that caused the depression.

Secondary Source Number Two:

Citation: Feinberg, Barbra Silberdick. Black Tuesday: The Stock Market Crash of 1929.  Brookfield: The Millbook Press, 1995.

Annotation: This source not only provides information about Black Tuesday but also on the Great Depression. It offers information on the Great Depression from how it began to how it ended. According to the article, although no agreement has been reached regarding the causes of stock market crash in 1929, evidence indicates that the crash may have been caused by the fear of speculation that pushed the stock market to the verge of collapsing. The source also states that the crash could have been caused by aggressive campaign against speculation, expensive public utilities, and vulnerable margin investors. Thus, the source supports the thesis statement.

Secondary Source Number Three:

Citation: Williamson, Samuel H, “Daily Closing Value of the Dow Jones Average, 1885 to Present,” Measuring Worth. 2011. Retrieved 26 June 2020 from <http://www.measuringworth.com/DJA/>  

Annotation: This source offers information on daily closing values of the Dow Jones Average for the period October 29, 1929. It demonstrates the manner in which the stock market witnessed a considerable trouble during the stated period. The source is critical for this study since it explains factors behind the sudden crash of market stock.