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The Stock Market Crashes 1929

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

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The Stock Market Crashes 1929

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  1. The Stock Market Crashes1929

  2. Video Recap http://www.youtube.com/watch?v=ccNilnpvbJg&feature=related

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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?

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