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American Society … …in the 1920’s STOCK BROKERS : IN THIS POWERPOINT: -STOCK AND SHARES IN THE 1920’s -THE GREAT WALL STREET CRASH Jos Ma, Mabel Lo, Vinay Vaswani & Megan Chan (9E) What’s a Stock Broker?

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American society l.jpg

American Society

…in the 1920’s

STOCK BROKERS: IN THIS POWERPOINT:

-STOCK AND SHARES IN THE 1920’s

-THE GREAT WALL STREET CRASH

Jos Ma, Mabel Lo, Vinay Vaswani & Megan Chan (9E)


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What’s a Stock Broker?

  • A stock broker is a qualified professional who buys and sells shares in the stock market.

  • A typical job of a stock broker would be to help a client invest money. After the investment, a percentage of the profit is then given to the stock broker.

Luck plays a big part in investing as well.


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Why Buy Stocks and Shares?

  • People buy (and “invest”) stocks and shares to earn $MONEY$. They believed money would “multiply”.

  • Buying stocks atLOWi, and selling at HIGHh.

  • For example, when 1,000 shares of stocks is put into $1.00 worth stocks that rise to $1.50, $500 is earned.

1,000 $1.00 stocks/shares

INVEST! ($1.00 increases to $1.50)

Stocks can be a quick way to earn money!

Investing is a form of earning money.

1,500 $1.50 stocks/shares ($500 profit)


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Wall Street

  • Located in lower Manhattan, New York.

  • It is a street that features many large financial office buildingsandcompanieswhere stocks are traded, including:

  • NYSE New York Stock Exchange,

  • NASDAQ ,

  • AMEX American Exchange,

  • NYMEX New York Mercantile Exchange,

  • NYBOT New York Board of Trade etc.

National Association of Securities Dealers Automated Quotations

A section of Wall Street today. The building on the right (with the American flag) is the main NYSE office building.


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Stocks and Shares in the 1920’s

  • During this period of time, stocks and shares rose at a phenomenal rate.

  • Stocks rose by 65%.

  • Wages increased by 25%.

  • People began borrowing money to invest.

  • In 1929, Wall Street crashed - America went into debt.

+65%

+25%

UH OH!

America’s wealth in the 1920’s


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Quotes

  • “If a man saves $15 a week, and invests in good common stocks, and allows the dividends and rights to accumulate, at the end of twenty years he will have at least $80,000 and an income from investments of around $400 a month. He will be rich. And because income can do that, I am firm in my belief that anyone not only can be rich, but ought to be rich.” – John J. Raskob

John J. Raskob


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Major investor Will Payne, stated that the Wall Street Stock Exchange had become such an easy way to make money that it ceased to be a gamble, because in a gamble, someone loses – but when invested in stocks and shares, “everybody wins”.

People thought the market could sustain the growing high prices, “Stock prices have reached what looks like a permanently high plateau.” – Irving Fisher.

Quotes

Irving Fisher


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Records! Exchange had become such an easy way to make money that it

  • On October 24th, 12,894,650 shares were sold, setting the record in its time. Then, on October 29th, approximately 16.4 million shares were traded, breaking the record that was set 5 days earlier, only to be exceeded in 1969.

Crowd gathering outside NYSE after the crash


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Losses Exchange had become such an easy way to make money that it

  • The loss from the crash was unbelievable:

  • 12 million people went out of work,

  • 12,000 people was made unemployed everyday,

  • 20,000 companies and 1616 banks had gone bankrupt, and

  • 23,000 people committed suicide in one year – the highest ever.

  • The total loss by the end of the next week amounted to $30 million dollars, ten times more than the annual budget of the federal government, far more than the U.S. had spent in all of World War 1.

  • Contributing to The Great Depression.


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Some affected Companies Exchange had become such an easy way to make money that it

  • Statistics from the Great Wall Street Crash:


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Thanks for listening Exchange had become such an easy way to make money that it


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Bibliography Exchange had become such an easy way to make money that it

Images:

  • http://i23.ebayimg.com/02/i/08/10/3f/78_1_bol.JPG

  • http://www.lancs.ac.uk/staff/ecagrs/Photo%20Gallery%20of%20Economists_files/fisher.jpg

    Internet

  • http://www.kgv.edu.hk/history/Y9/1920s/StockMarket.ppt

  • http://www.spartacus.schoolnet.co.uk/USAwallstreet.htm

  • http://www.historylearningsite.co.uk/wall_street_crash.htm

  • http://www.eyewitnesstohistory.com/snpmech5.htm

  • http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929

    Books:

  • THE USA 1919-1941, by Nigel Kelly


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