Discuss the failure of business journalism in reporting the great market crash of 1929.

Discuss the failure of business journalism in reporting the great market crash of 1929. Essay example
Masters
Essay
Journalism & Communication
Pages 6 (1506 words)
Download 0
Journalists were aware of the impending crisis in 1929. Usually, a journalist undergoes both tough and good times. The best times present them with an opportunity of reporting real lifetime events such as the great market crisis of 1929…

Introduction

Furthermore, banks invested customers’ money in stock markets. The upward bound in the stock market was highly promising, and the great market crash in October 1929 hit everyone by surprise. Nevertheless, there had been warning signs like the mini-crash in March 25th, 1929 when prices began falling, but with the assurance of Charles Mitchell of the continued lending of money; the panic was suppressed (King 2000, p. 67). The spring of 1929 also gave more signs of a serious setback to the economy due to the slowing down of steel production, car sales and house constructions. During this time, some few individuals warned of impending serious crash in the stock markets, but they were cautioned, ignored and labelled as pessimists. Most economists believe in cycling of the overall economic activities between the expansion and contraction of the economic periods. The economic growth alternates with depressions and recessions. Analysis of the great depression indicates efforts by economists and journalists and their determination of the causes of depression (Burgan 2002, p.78). Discussion Business journalism requires that the journalists know exactly what is required, and the content should be critically analyzed before distribution to the audience. Some business journalists do not know the appropriate sources for their information to back up a story or an event. Others do not understand the principles of economics and the importance of stock markets. ...
Download paper
Not exactly what you need?

Related papers

Cyber Journalism (See detail)
The only difference today is that the cyberjournalist answers directly to their audience, rather than to a publisher who traditionally held journalists responsible for reporting ethically. Yet, there is no consensus among publishers as to what is ethical. In the end, ethics are the responsibility of the cyberjournalist and the audience. You Can’t Be Neutral on a Moving…Screen The original…
Journalism Portfolio
Most news may be intended to deflect or defuse public opinion on matters of great importance and editors can influence the direction of how opinion is shaped. When a newspaper is owned by a politician, then there might be truth to the statement that “news is what someone, somewhere wants concealed” as in the case of Italy today. As mentioned earlier, this newspaper is mostly of community-type…
Investigative Journalism Essay
Journalism is also a profession and as such is bound by its own code of ethics and the code of professional conduct. This means all accredited journalists have to follow the strictest guidelines on certain matters such as confidentiality of their sources and how information in their reports was obtained in the first place. Its primary purpose is supposedly to discover or uncover the truth in many…
Embedded Journalism and War Reporting
For example, in the situation of war, reporters may cause harm to the fighting forces by disclosing details regarding their location or by becoming a distraction for the fighting forces. The following paper evaluates the question whether reporters should be embedded alongside fighting forces. Ethics of Journalism and War Reporting The question whether something is ethical or not is gaining more…
Discuss Objectivity in Journalism
This paper will scrutinize the definition of objectivity, the manner it emerged to be a vital principle of journalism, the way it is currently defined and seem at the approach it might be handled in the future (Boveee, 1999, 45). Regarding to the vocabulary, the expression “objectivity” denotes concentration on aspects sovereign of the mind, or, a staging of an outside world that is visible or…
Journalism portfolio
The gathered information shows that there must be unique factors behind the popularity of the Ray-Ban sunglasses, helping it beat competition in the market. The portfolio therefore, mainly aims at establishing these factors, which have contributed to the success of the Ray-Ban sunglasses worldwide. In the portfolio, there is different information, and findings about Ray-Ban, including its other…
To what extent does the professional ideology of socially responsible journalism serve the public interest? Discuss with refere
A biased information is not the final truth, and in the case where the media owner influences the kind of information to be issued, then the media fails in being independent (Uow.edu.au 2013). The norm of objectivity is made up of two components. One such component is depersonalization, which is a requirement stipulating that when issuing a report or information, a journalist should never express…