Factors in the Stock Market Crash and the Causes of the Great Depression Lecture
Causes/ Effects of the Great Depression. Stock prices on the New York Stock Exchange on Wall Street...
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Transcript of Causes/ Effects of the Great Depression. Stock prices on the New York Stock Exchange on Wall Street...
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Causes/ Effects of the Great Depression
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Stock prices on the New York Stock Exchange on Wall Street continued to rise. (box 1)
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Inflated stock values cause an economic roller coaster ride…(box 2)
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Thursday, October 24 1929- stock prices nose dive (box 3)
This idiom means the prices fell quickly!
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Tuesday, October 29, 1929 New York stock market crashes. This day
becomes known as “Black Tuesday.” (box 4)
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Investors panicked and rushed to sell stocks before prices fell further- no one wanted to buy stocks. (box 5)
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Stocks bought on credit created heavy debt. (box 6)
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Consumers stopped spending (box 7) Factories shut down (box 8) People lost their jobs (box 9)
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Families couldn’t pay their bills- mortgage, electric, necessities. (box 10)
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Many families lost their homes (box 11)
Many families became migrant (box 12)
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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.