Stock Market Crash of 1929

The stock market crash of 1929 was known as one of the biggest devastations in history. It was the beginning of the Great Depression and did not end in the United States until World War II. Leading up to the crash the stock markets were at an all time high, this was a period of flowing wealth. At this time more and more people were involved in the stock market, as a result the prices were constantly rising which is what lead to such a high participation. Ordinary middle class people were able to become affluent. This crash put and end to people spending money. The entertainment business had been rising but decreased immediately after the crash.
The differences in the crash in 1929 and the crash today can be seen through what people were giving up. Back then people stopped going to broadway performances where as today most people are giving up luxuries and traveling and broadway entertainment is not as effected.
The crash of 1929 negatively effected some technology while others were on the rise. Instead of trying out for broadway, people began going to Hollywood to accomplish their dreams. Technology was able to advance by writing pictures instead of creating performances. Also at this time more people were listening to the radio, because it was a cheap way to keep up with news and to be entertained.
The current recession is also effecting technology. Instead of going to the movies or buying movies, most people have Netflix or know how to download movies online. The same goes for music, everyone who has access to the internet can easily download songs and CD's for free instead of buying them.