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5 Cards in this Set

  • Front
  • Back

Overview

- 29th October 1929



- 16 million shares were traded in one day



- Share prices fell by $4 billion in one day



- November share prices fell by $30 billion

Unemployment

- Increased from 500,000 to 4 million


Real Wages

- Real wages fell by 16% in 1929



US Steel

- The largest global steel industry only worked at 16% capacity



Share Prices

- 1929 had fallen from $87 billion to 1933 $18 billion