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13 Cards in this Set
- Front
- Back
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When was the wall street crash |
29th October 1929 |
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Where is wall street and what is it |
In NY financial centre if america |
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What is the acronym for the reasons |
Scoop/t |
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S |
Speculation |
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C |
Credit |
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O |
Overproduction |
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O |
Over confidence |
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P/t |
Protectionism/taxes |
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Speculation |
No rules to say how it should be run Many dealers crooks Encouraged do get money from bank Shares became overvalued Shares slod in companies that didn't exist |
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Credit |
America living if credit money Buy now pay later Money had to be given back with interest Banks lent out money too easily Not everyone could pay back |
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Over confidence |
Share price kept going up Everyone wanted to invest Banks too confident People didn't think about the future |
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Over production |
Mass production Saturated markets More than half the population couldn't afford anything |
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Tarrifs |
Other countries would not buy from them as they would not buy from other countries Limited market |
