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2008vus10b crash
2008vus10b crash
2008vus10b crash
2008vus10b crash
2008vus10b crash
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2008vus10b crash

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Published in: Economy & Finance, Business
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  • 1. The Causes andConsequences of the StockMarket Crash of 1929VUS10.b
  • 2. The United States emergedfrom WW1 as a global power.The stock market boom andoptimism of the 1920’s weregenerated by investmentsmade with borrowed money.When businesses failed, the stocks losttheir value, prices fell, productionslowed, banks collapsed andunemployment became widespread.
  • 3. SpecificCauses: Business was booming, butinvestments were made withborrowed money (overspeculation). Excessive expansion of credit Business failures led tobankruptcies Bank deposits were investedin the market Banks lost the money whenthe market collapsed.
  • 4. The Crash!October, 1929
  • 5. Consequences Clients panicked, attemptingto withdraw their moneyfrom banks – but there wasno cash to give them. No new investments in thebanks. Banks collapsed andfortunes were lost!

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