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7 Cards in this Set
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Hello my name is Preston, and today I am here with Kasper and cade and we will be talking about the wall street crash of 1929. To get us started i'm going to tell you what exactly the crash was and why it happened the kaper will talk to you about what it was like before, during, and after the crash.
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After that Cade will fill you in on the social, economic, and political effects the crash had on America. At the end we will have a quiz for you. Thank you for you time and we hope you enjoy.
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You might be wondering, what was the wall street crash was? If so you are about to find out. I have researched many sources in search for the perfect definition for the crash even though there were many different definitions and this was what I concluded was the overall definition, the wall street crash of 1929 was the greatest stock market crash in the history of the united states.
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It happened on the New York stock exchange on Tuesday October 29, 1929, now know as black Tuesday.
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“The 1929 Stock Market crash was a result of various economic imbalances and structural failings. These are some of the most significant economic factors behind the stock market crash of 1929.”In the 1920s there was a huge growth in the bank credit loans due to the fact that people were trying to buy shares in various stock. The people were unable to pay back the banks because they thought if they put all their money into the stock market. It seemed like a perfect way to get there money back at the time after taking it from the bank.
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The people were unable to pay back the banks because they thought if they put all their money into the stock market. It seemed like a perfect way to get there money back at the time after taking it from the bank. Because so many people were taking out loans the banks losing their confidence in the people to pay them back so the banks were asking for more back.
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So the people were all rushing to sell their shares so they could pay back their debt. This is what caused the crash in 1929.
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The year 1920 was the start of the roaring 20’s this was one of the best times for the people of the united states. Everything was going good. The people were enjoying the 20’s because they were able to work and make money off the stocks that were going great!
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In 1929 was the end to all of this. If you have been listening to what I have said before you will know why. I will go over the main reasons again with you. The people were taking too much out of the banks via loans from the banks. There for the banks needed more money back that the people did not have because they put it all into the shares that they bough.
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The banks charged more interest on their debts so the people started to sell all their stocks. This caused the stocks to crash.
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The Great Depression it all began when the stock market crashed and ended in world war 2. WW2 was good for the american economy and is evidence that war is good for the economy and shows why the government prompts war.
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In 1933 hitler came to power. Hitler came to power in germany in 1933 january 30th because the president announced him Chancellor after a series of parliamentary elections and associated backroom intrigues.
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In 1945 the second word war was stated when attacked poland. Britain and france declared war on Germany when Hitler had refused to abort his invasion of Poland.
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