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The Economy in the Late 1920's Mr. Chick U.S. History.

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Presentation on theme: "The Economy in the Late 1920's Mr. Chick U.S. History."— Presentation transcript:

1 The Economy in the Late 1920's Mr. Chick U.S. History

2 Economy Appears Healthy From 1928-1929 Stock Value increased to $75.6 billion "that not only can everyone be rich, but ought to be rich." John J. Raskob. Welfare Capitalism

3 Economic Danger Signs Uneven Prosperity –p. 633 image Buying on Credit Playing the Stock Market –Speculation –Buying on margin Too Many Goods, Too Little Demand Trouble for Farmers Trouble for Workers

4 The Stock Market Crash Black Thursday –October 24, 1929 Black Tuesday –October 29, 1929

5 The Crash Affects Millions Impact on Workers and Farmers Banks Close Impact on the World Crash Triggers The Great Depression

6 Causes of the Depression Overspeculation Government Policies –Federal Reserve

7 http://mrchick.wikispaces.com


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