1930s wall street

• 1920’s was a time of wealth and riches• Irving Fisher famously proclaimed, "Stock prices have reached what looks like a permanently high plateau."

~1929~

• Thursday, October 24, 1929• Most devastating stock market crash in the history of the United States• Black Thursday, Black Monday, and Black Tuesday

Trading floor just after the crash

Analysis

• Crash lasted one month• Six-year run lost in 3 days• 1 day lost 14 billion dollars in values

• Banks failed and lost money

• People lost jobs

• People sold all their belongs to get through the day

• People were lining up to get a free meal, 1 meal a day• Crash lead many people to kill themselves• Homes turned to shacks, majority began to live on the street• People wore signs to get help

• The Dow Jones Industrial Average (DJIA) recovered early in 1930

• It took a great deal of time to Recover and get back to how it was

• Wikipedia. Wall Street Crash of 1929. 02 May 2009 <http://www.wikipedia.com>.

• "The Wall Street Crash". Ibis Communications. 5/1/09 <http://www.eyewitnesstohistory.com/snpmech5.htm>.