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The Great CRASH

The Great CRASH. And its Effects 1929 - 1933. President Hoover’s Inauguration. March 4, 1929 President Hoover took office “I have no fears for the future of our country – it is bright with hope”. 1920s Stock Market. What were the characteristics of the stock market in 1920s?.

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The Great CRASH

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  1. The Great CRASH And its Effects 1929 - 1933

  2. President Hoover’s Inauguration March 4, 1929 President Hoover took office “I have no fears for the future of our country – it is bright with hope”

  3. 1920s Stock Market What were the characteristics of the stock market in 1920s?

  4. 1929 Stock Market • Beginning of September: started to drop • October: downward trends • October 22: “I know of nothing fundamentally wrong with the stock market or with the underlying business and credit structure.” – leading bank president speaking with reporters

  5. 1929 Stock Market • After October 22: • Stock values declined • Brokers started to unload stocks • Leading bankers formed a pool to buy stocks to halt slide • Prices steadied for a few days • Then stockholders began to unload • October 29: single most devastating day

  6. What does a “Crash” mean?

  7. Impact: Stock Market Investors

  8. How did the Crash impact the rest of the population? 4 major circumstances occurred: • Failure of U.S. Banking System • Mass Unemployment • Mass Homelessness • Mass Hunger

  9. Failure of Banking System

  10. Mass Unemployment

  11. Mass Homelessness

  12. Mass Hunger

  13. Did the Crash cause the Great Depression?

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