Black Tuesday, October 22, 1929: Stock Market Crash
Notes
-Dow Jones Industrial average collapsed
-Continued sell off took place until 1932 when the DJIA was 89% of its 1929 peak
-People threw themselves out of buildings
-Businesses go bankrupt
-Banks close
-Depression begins
-Dow Jones Industrial average collapsed
-Continued sell off took place until 1932 when the DJIA was 89% of its 1929 peak
-People threw themselves out of buildings
-Businesses go bankrupt
-Banks close
-Depression begins
Quote: "You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets." Peter Lynch
Political Cartoon
BIG Question; What if they had placed measures in so people could not buy more than they had?
Summary
Was one of the causes of the great depression. Many people invested everything and more than they had that made them go in to debt and the banks go bankrupt.
Was one of the causes of the great depression. Many people invested everything and more than they had that made them go in to debt and the banks go bankrupt.