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Wall Street in the 30's
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Wall Street in the 30's

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  • 1.  Economic crash in the late 1920’s ~ 30’s  Originated from the Black Thursday  Triggered by stock market collapse
  • 2.  Also known as the Great Crash or Wall Street Crash of 1929  The worst stock market crash in the United State’s history  The start of the whole Great Depression
  • 3.  After the WWI companies bought stocks  Economic bubble was created  On October 24th, 1929, the Bubble burst at once  Prices of the stocks dropped suddenly and excessively  Dow dropped to 64
  • 4.  Companies were broke  Workers lost their job  Supply and Demand:  Workers lose their job → People spend less money → Economic depression → Decrease of investment → Increase of unemployment
  • 5.  Within 2 years, wages were reduced by half  Import and export was reduced by 1/3  Factories stopped operating  Many banks perished
  • 6.  Instead of playing stock, they saved money in banks  As the banks fall, all the savings were gone  Many people committed suicide for multiple reasons  “Jumping out of windows”
  • 7. quot;File:1930-67B.gif -.quot; Wikipedia, the free encyclopedia. 30 Apr. 2009 <http://en.wikipedia.org/wiki/File:1930-67B.gif>.  quot;File:American union bank.gif -.quot; Wikipedia, the free encyclopedia. 30 Apr. 2009 <http://en.wikipedia.org/wiki/File:A  merican_union_bank.gif>. quot;File:Down and out on New York pier.gif -.quot; Wikipedia, the free encyclopedia. 30 Apr. 2009 <http://en.wikipedia.org/w  iki/File:Down_and_out_on_New_York_pier.gif>. quot;Great Depression -.quot; Wikipedia, the free encyclopedia. 30 Apr. 2009 <http://en.wikipedia.org/wiki/Great_Depression  >. quot;History of Wall Street and the Stock Markets -1929 Stock Market Crash.quot; Complete Easy to Understand Guide to Basic  Investing and Stocks. 30 Apr. 2009 <http://www.atozinvestments.com/1929-stock-market-crash.html>. quot;Index of /images.quot; The Value Guys! Stock Market Talk Show. 30 Apr. 2009 <http://valuelineobserver.com/images/>.  quot;Op Ed: 'Supply-Side' Failures Forcing International Economic Remediation - Salem-News.Com.quot; Salem-News.Com Ne  ws from Salem Oregon and the surrounding region. 30 Apr. 2009 <http://www.salem-news.com/articles/february0320 08/hank_op-ed_2-3-08.php>. quot;Short Synopsis.quot; Black Thursday. 30 Apr. 2009 <http://www.black-thursday.net/story/synopsis_short.htm>.  quot;Social Security Online History Pages: Depression soup kitchen.quot; Social Security Online - The Official Website of the U  .S. Social Security Administration. 30 Apr. 2009 <http://www.ssa.gov/history/acoffee.html>. quot;Wall Street Crash of 1929 -.quot; Wikipedia, the free encyclopedia. 30 Apr. 2009 <http://en.wikipedia.org/wiki/Wall_Stree  t_Crash_of_1929>.