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“I Ain’t Got No Home” Describe the details of the song Describe the details of the song.

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Presentation on theme: "“I Ain’t Got No Home” Describe the details of the song Describe the details of the song."— Presentation transcript:

1 “I Ain’t Got No Home” Describe the details of the song Describe the details of the song

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6 The Stock Market In 1928-29, the rising stock market tempted more and more Americans In 1928-29, the rising stock market tempted more and more Americans Ordinary people used their savings to buy stock/shares  thinking prosperity would last Ordinary people used their savings to buy stock/shares  thinking prosperity would last People borrowed on “margin” to buy stocks  pay only a percent of share then repay with profit People borrowed on “margin” to buy stocks  pay only a percent of share then repay with profit

7 The Market Crashes March 1929 Herbert Hoover was sworn in as President  ”I have no fears for the future of our country. It is bright with hope” March 1929 Herbert Hoover was sworn in as President  ”I have no fears for the future of our country. It is bright with hope” Sept. 1929 the Dow Jones Industrial Average reached 381 points the highest in five years Sept. 1929 the Dow Jones Industrial Average reached 381 points the highest in five years Wed, Oct. 23, 1929—investors lost $5 billion in five hours Wed, Oct. 23, 1929—investors lost $5 billion in five hours Black Thursday, Oct 24 prices plunged and investors tried to sell Black Thursday, Oct 24 prices plunged and investors tried to sell Millionaires and ordinary people lost life savings Millionaires and ordinary people lost life savings


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