 On Black Tuesday October 24 1929.  The stock market started after the Roaring Twenties.  The crash lasted 4 days.

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Presentation transcript:

 On Black Tuesday October  The stock market started after the Roaring Twenties.  The crash lasted 4 days.

Over the 4 days the Dow dropped 25% losing 30 billon dollars in a market value That was more than the total cost of World War 1.

 When the stock market crashed brokers called in loans, Many people were wiped out, plus many people sold their businesses and losing their life savings.  The Ford Motor company dropped the most but had a crash of 1billion

 The crash led to the Great Depression.  Unemployment rose to 25%  Wages fell 42%  Economic growth fell 50%  World Trade Plummeted 65% partly because prices fell 10%  After the markets sudden decline in March. The stock market had rebounded.

 When the stock market crashed many Americans withdrew money from the bank.  An estimated 9,000 banks failed during the 1933  In 1933 people who had money deposited in banks lost $140 billion.  Franklin D. Roosevelt declared a 3 day National Bank Holiday to prevent people from withdrawing money from the banks in 1933.

 When Wall Street took that tail spin, you had to stand in line to get a window to jump out of was what people of the time reported.

 Thegreatdepressioncauses.com  Stockmarketcrash.net  Google  Infohio.com  Bing.com  m/crash-of-1929/october-1929-stock- market-crash-suicides/

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