Stock Market Crash Oct. 29, 1929. Black Tuesday Stock market collapse  people panic/lost faith and sold=stock prices go down People were trying to sell.

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Stock Market Crash Oct. 29, 1929

Black Tuesday Stock market collapse  people panic/lost faith and sold=stock prices go down People were trying to sell shares=nobody wanted to buy

Stock on Credit People bought stock on credit (money they didn’t have)=huge debt Others lost entire savings in the market

Money Lost Mid November 1929  investors lost $30 million=amount of money spent by USA on WWI!!!!

Results of the Crash Signaled the “Great Depression” People panicked/withdrew their money from banks Banks invested their money into stock market=didn’t have enough to pay the people

People pulling money out of bank!

Results of the Crash 1929=600 banks fail 1932=25,000 banks fail Banks were not insured/when they failed people lost all of their money!