stock market crash 1929

Stock Market Crash 1929

By Gwen Murphy and Lacey Delaney

When The Stock Market Crashed

On Black Tuesday October 24 1929. The stock market started after the

Roaring Twenties. The crash lasted 4 days.

The Crash 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.

Facts 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 Market

Effects 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.

Bank Failures 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.

Suicides 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.

Resources

Thegreatdepressioncauses.com Stockmarketcrash.net Google Infohio.com Bing.com http://

www.worststockmarketcrashes.com/crash-of-1929/october-1929-stock-market-crash-suicides/

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