the stock market crashes 1929. video recap &feature=related
Post on 19-Dec-2015
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TRANSCRIPT
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The Stock Market Crashes1929
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Video Recap
http://www.youtube.com/watch?v=ccNilnpvbJg&feature=related
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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
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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
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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
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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
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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?