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The Stock Market Crash

The Stock Market Crash. On Tuesday, Oct. 29, 1929 the Stock Market Crashes ending the prosperity of the 1920’s. Black Tuesday

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Page 1: The Stock Market Crash. On Tuesday, Oct. 29, 1929 the Stock Market Crashes ending the prosperity of the 1920’s. Black Tuesday

The Stock Market Crash

Page 2: The Stock Market Crash. On Tuesday, Oct. 29, 1929 the Stock Market Crashes ending the prosperity of the 1920’s. Black Tuesday

On Tuesday, Oct. 29, 1929 the Stock Market Crashes ending the prosperity

of the 1920’s.

Black Tuesday

Page 3: The Stock Market Crash. On Tuesday, Oct. 29, 1929 the Stock Market Crashes ending the prosperity of the 1920’s. Black Tuesday

Depression in Action• 26,355 businesses failed

in 1930• Very high

unemployment– 1930• 4 million people out

of work– 1932 • 12 million people out

of work.

4

12

0

2

4

6

8

10

12

1930 1932

unemployed

Page 4: The Stock Market Crash. On Tuesday, Oct. 29, 1929 the Stock Market Crashes ending the prosperity of the 1920’s. Black Tuesday

What Caused the Crash?

• Economic– Charts page 730

• Buying on margin– Small down payment– Borrowed the rest

• Speculation– Buying and selling stocks

to make a quick profit– Land in Florida

Page 5: The Stock Market Crash. On Tuesday, Oct. 29, 1929 the Stock Market Crashes ending the prosperity of the 1920’s. Black Tuesday

Hoover’s Response• Thought government

interference would hurt the economy more

• “rugged individualism”• Hoover blamed– Hoover flags– Hoovervilles– Hoover blankets

• Public Works Projects– Money to states, cities

and towns for building public resources

• Bonus Army– 1932– WWI veterans– Due in 1940s– General MacArthur

• Tear gas, bayonets, tanks and grenades

• Burned camps

• Public saw as negative• Influenced 1932

election

Page 6: The Stock Market Crash. On Tuesday, Oct. 29, 1929 the Stock Market Crashes ending the prosperity of the 1920’s. Black Tuesday
Page 7: The Stock Market Crash. On Tuesday, Oct. 29, 1929 the Stock Market Crashes ending the prosperity of the 1920’s. Black Tuesday

What Caused the Crash?

• Natural– Overgrazing– Over plowing– Loss of grasses– Drought

• Early 1930s

– Dust Bowl• Kansas, Oklahoma, Texas,

Colorado and New Mexico

• Results– Farmers lost land and

moved west

Page 8: The Stock Market Crash. On Tuesday, Oct. 29, 1929 the Stock Market Crashes ending the prosperity of the 1920’s. Black Tuesday