1. The Stock Market Crashes 1929

2. Video Recap http://www.youtube.com/watch?v=ccNilnpvbJg &feature=related

3. The Crash When: early September 1929 – What: stock prices peaked and then fell, confidence wavers, investors sell stocks When: October 24, 1929 – What: “Black Thursday” market plunged, panicked investors sold shares, bankers put more money into the market

5. The Crash When: October 28, 1929 – What: “Black Monday” market falls 22.6%, highest one-day decline in history When: October 29, 1929 – What: “Black Tuesday” shareholders frantically sell, prices plunged, record number of shares sold, many instantly in debt, bubble had burst

7. Financial Collapse Crash signaled beginning of the Great Depression (1929-1940) Bank and Business Failures – Run on banks, banks didn’t have the money, bank closures, people without savings – Businesses go bankrupt – Unemployment 3% in 1929 to 25% in 1933 Worldwide Shock Waves – Europe still recovering from WWI – Imports and Exports decrease

9. Causes of Great Depression Policies that cut down the foreign market for American goods Farming crisis Easy credit Unequal distribution of income All led to… – Falling demand for consumer goods – Low interests rates = more debt

10. Time to Write! Write two-three, thoughtful paragraphs, using complete sentences, answering the following... – What were the causes of the stock market crash of 1929 and the Great Depression that resulted from the crash?