the economy in the late 1920's mr. chick u.s. history
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TRANSCRIPT
The Economy in the Late 1920's
Mr. ChickU.S. History
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
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
The Stock Market Crash
• Black Thursday
– October 24, 1929
• Black Tuesday
– October 29, 1929
The Crash Affects Millions
• Impact on Workers and Farmers
• Banks Close
• Impact on the World
• Crash Triggers The Great Depression
Causes of the Depression
• Overspeculation
• Government Policies
– Federal Reserve
