Causes/ Effects of the Great Depression

Stock prices on the New York Stock Exchange on Wall Street continued to rise. (box 1)

Inflated stock values cause an economic roller coaster ride…(box 2)

Thursday, October 24 1929- stock prices nose dive (box 3)

This idiom means the prices fell quickly!

Tuesday, October 29, 1929 New York stock market crashes. This day

becomes known as “Black Tuesday.” (box 4)

Investors panicked and rushed to sell stocks before prices fell further- no one wanted to buy stocks. (box 5)

Stocks bought on credit created heavy debt. (box 6)

Consumers stopped spending (box 7) Factories shut down (box 8) People lost their jobs (box 9)

Families couldn’t pay their bills- mortgage, electric, necessities. (box 10)

Many families lost their homes (box 11)

Many families became migrant (box 12)

This time in U.S. history was difficult for all people including children.

The children who lived during the Great Depression were forced to grow up fast.

This was a “coming of age” experience for the children during this time period.

The events from this time period are often written about as historical fiction novels.