Englisch (wallstreet crash) patrick corrected

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Englisch (wallstreet crash) patrick corrected

  1. 1. Wall Street Crash 1929
  2. 2. Overview• Bull and Bear market• Before Black Thursday• The Wall Street Crash• Big Depression / World Economic Crisis
  3. 3. What does Bull and Bear market mean?Bull market Bear market The share prices The share prices lost a lot expanded over long of points over long time time Disaster for all investors Many investors bought a lot of shares
  4. 4. In the forefront of the Wall Street Crash Dow-Jones-Index was founded in 1894 Bull market from beginning to the first crash The US population bought a lot of shares Most points on 3rd September 1929 (381 P) − From this day to the crash the share prices fell
  5. 5. The Big Crash! On 24th October 1929 the Wall Street Crash began with Black Thursday On Friday: − Some shares lost more than 30% − Little plus; all banks tried to stabilize the share prices Finally they collapsed on the Tuesday
  6. 6. Tuesday: The Really Big Crash The working-class people buy all shares with loans => the banks want this money back 16,5 Mio. shares were traded Single Shares lost 99% of their value The Dow-Jones-Index had 260 Points
  7. 7. Big Depression The basis of the companies were their shares Insolvenvencies, mass lay-offs, loss of trust by the population Countries (like Germany) had debts with the USA => who wanted all their money back Unemployment rate rose to 30% (1933) Average wages fell to 40% of the level before the world economic crisis started Roosevelt: Social Secruity Act (insurances) During WWII the world economy was on the same level as 1929

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