1929 Stock Market Crash

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by GhostofHedwig
Last updated 5 years ago

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Discipline:
Social Studies
Subject:
History
Grade:
10

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1929 Stock Market Crash

Stock Market Crash of 1929

Cause and Effect?The Stock Market Crash of 1929 had many causes:~ investors realised the stock shares were overpriced and tried to sell them all at once 4~ many people saw the stock market as a quick way to earn money leading them to tons of shares on the stock market so that the share value of a company stock exaggerated the worth of the company 5~ false sense optimism 6~ irresponsible buying on margin (borrowing money from bank with initial payment of 10% of cost of a share with monthly payments to pay back the rest of the loan with interest) 7Effects of the Stock Market Crash of 1929:~ many investors brought shares on margin and could not pay back the loans which led many people to declare bankrupcy, sell possessions, or go into deep debt 8~ many investors lost the assets they put up as collateral to obtain loans, such as homes, businesses, cars, etc. 9~ some businesses went bankrupt 10~ hike in unemployment 11~ less purchasing power 12~ triggering the Great Depression of the 1930's 13

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On October 29, 1929, the New York Stock Exchange crashed with over 16 million shares traded in a single day. 1 The collapse of the NYSE lead to the collapse of stock exchanges world wide, including the Montreal Stock Exchange and the Toronto Stock Exchange. This day is also known as "Black Tuesday." 2 Also, the Stock Market Crash of 1929 triggered the Great Depression of the 1930's. 3

What Happened?

Sad music to set the mood.

Some people even committed suicide on that day!!


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