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The Stock Market CRASH

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  • 1. The Stock Market Crash Wednesday, March 21, 2007
  • 2. Collapse
    • Have you ever felt like all was going great in your life… But then everything collapsed?
    • What did that feel like?
    • Why did it happen?
    • Today we will learn about the greatest economic fall in our history.
    • Today we will learn about The Stock Market Crash.
  • 3. New York Stock Market Crash
  • 4. Stock
    • Stock – A stock represents a share in the ownership of an incorporated company.
  • 5. New York Stock Market Crash
    • Stock Market Crash – On October 29 th 1929 the market “crashed” as prices went into free-fall.
  • 6. Why?
  • 7. Gambling on Stocks
    • As stock prices rose in the 1920’s, people hoped to get rich quickly.
    • They bought on credit, paying only a small part of a stock’s value, and promised to pay rest later.
    • When the market crashed they could not pay.
  • 8. Overproduction
    • The 1920’s saw rapid increases in the production of new goods like cars, radios, and refrigerators.
    • Manufacturers were soon producing more goods then consumers could buy.
  • 9. Uneven Distribution of Income
    • Even in the prosperous 1920’s, half the population lived at or below poverty line.
    • The income of farmers declined; Minorities suffered from unemployment and low-paying jobs.
  • 10. Shrinking International Trade
    • American tariffs protected markets in the U.S., but made it difficult for U.S. to sell abroad due to other countries having tariffs of their own!
  • 11. Shaky Banking and Credit
    • The banking system was unregulated .
    • Bankers often put their depositors money into bad investments.
    • Consumers bought on credit more then they could afford.
    • Many banks CLOSED .
  • 12. Great Depression
    • Great Depression – Worst economic period in U.S. history.
  • 13. Global Depression
    • Because the top economy in the world fell the rest suffered also.
    • Global Interdependence – When conditions in one part of the world are affected by other parts.
  • 14. The END