Stock Market Crash of 1929. What is ‘Black Tuesday’? 3 minutes……

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Presentation transcript:

Stock Market Crash of 1929

What is ‘Black Tuesday’? 3 minutes……

The CRASH! October 24 th, 1929, prices began to fall & brokers began to sell. By closing of the day, 13 million shares had been traded. October 29 th – BLACK TUESDAY, the market fell $14 BILLION DOLLARS

Run on the Bank! 4,000 banks failed because people fought to reach teller windows to take their savings out, before all the money was gone. The following professions have lost their cash: Banker, Broker, Salesman, Radio Announcer

Trading Floor – October 1929 StockBuySell GMC$10/share$9/share ATT$8/share$7.25/share ACO$11/share$10/share UCC$5/share$4/share

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