The Wall Street Crash L/O – What led the to the Wall Street Crash of 1929?

What was the impact of the Crash?

What Led To The Crash?

Some American businesses did not do well. These included…

• Less goods could be bought in the shops. This led to lack of sales.

These people could not buy new goods. This is bad because….

So, companies were overproducing. This meant that….

• Companies would have to lay people off to make profit. This meant more unemployment which means less spending.

• Farming • Coal mining • Ship building • Black people and immigrants

What Else Led To The Crash?

• The foreign trading policy helped America short term, but was bad long term.

• Small banks gambled their customers money on stocks.

• People borrowed money to spend on shares. Many put their homes on the line as part of the deal.

• When stocks crashed, banks as well as customers ended up in debt.

• The tariff led to the sale of more American goods, but harmed foreign trade. America could not recover.

• When stocks crashed, people had to pay back their loans. Many people lost their homes to the banks, and banks themselves crashed when they couldn’t be repaid.

Effects of the Crash

Overview…

• https://www.youtube.com/watch?v=Q-kdxn134gY

• 1) In your own words describe what led to the crash of 1929.

• 2) Explain why America could not recover selling goods abroad.

• 3) Summarise the impact of the Wall Street Crash.

Preparation For Assessment

• You must prepare for the following.

• American attitudes towards joining the League of Nations.

• Consequences Of Prohibition

• What made America successful in the 1920’s?

Source Analysis Help…

• What does it tell you about the 1920’s? (detail – look carefully at everything!)

• What is the purpose of the source?

• Is it useful?

Source Analysis Help

• What does it tell you about the 1920’s? (detail – look carefully at everything!)

• What is the purpose of the source?

• Is it useful?

• What does it tell you about the 1920’s? (detail – look carefully at everything!)

• What is the purpose of the source?

• Is it useful?