stock market crash of 1929

George Mehales lost everything in the stock market crash of 1929, including his restaurant. "The first day of October in 1929 made me feel like I was rich . . . (then,) I was wiped out . . . I had nothing left." Mehales, a Greek immigrant who lived in South Carolina, was just one of many inexperienced investors who hoped to get rich quick in the rapidly growing market of the 1920s. The stock market can be a good place to invest some of your money, but it is also risky, especially if you do not know much about stocks.The Great Crash affected everyone, even those who had not bought stocks. People ran to their banks to get their savings, fearing the banks would run out of money.