the stock market crashes 1929
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The Stock Market Crashes 1929. Video Recap . http://www.youtube.com/watch?v=ccNilnpvbJg&feature=related. The Crash . When: early September 1929 What: stock prices peaked and then fell, confidence wavers, investors sell stocks When: October 24, 1929 - PowerPoint PPT PresentationTRANSCRIPT
The Stock Market Crashes1929
Video Recap
http://www.youtube.com/watch?v=ccNilnpvbJg&feature=related
The Crash
• When: early September 1929– What: stock prices peaked and then fell,
confidence wavers, investors sell stocks
• When: October 24, 1929– What: “Black Thursday” market plunged, panicked
investors sold shares, bankers put more money into the market
The Crash
• When: October 28, 1929– What: “Black Monday” market falls 22.6%, highest
one-day decline in history • When: October 29, 1929– What: “Black Tuesday” shareholders frantically
sell, prices plunged, record number of shares sold, many instantly in debt, bubble had burst
Financial Collapse• Crash signaled beginning of the Great Depression
(1929-1940)• Bank and Business Failures– Run on banks, banks didn’t have the money, bank
closures, people without savings – Businesses go bankrupt – Unemployment 3% in 1929 to 25% in 1933
• Worldwide Shock Waves– Europe still recovering from WWI– Imports and Exports decrease
Causes of Great Depression
• Policies that cut down the foreign market for American goods
• Farming crisis• Easy credit • Unequal distribution of income • All led to…– Falling demand for consumer goods – Low interests rates = more debt
Time to Write!
• Write two-three, thoughtful paragraphs, using complete sentences, answering the following...– What were the causes of the stock market crash of
1929 and the Great Depression that resulted from the crash?