We are presenting again:
Impact of the stock market crash on the U.S.
The roaring 20's
- time of wealth and peace
- cities
- agriculture
- stock exchange
Crash impact - (the vicious cycle)
vicious cycle - people lost everything this caused everyone else to loose everything
- withdrawing funds
- lost 14 billion dollars
- 30 billion
- steel business at all time low
- construction sluggish
- car sales plummeted
- High debts
- unemployment skyrocketed
- lost homes, jobs, business's
- people tried to build shacks in the country cause they had no money to pay taxes
Causes of the Great Depression
- Stock market crash of 1929
- black Tuesday was kinda the beginning of the great depression
- buying on margin
- people where loosing everything from the stock market crash and did not buy
- bank failures banks were investing peoples money in the stock market
- over production and no one was buying goods
- factories had to lay off workers who in tern could then not buy goods
- The american economic policy with Europe
- they raised tariffs to historically high levels
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