Wall Street Crash
- Created by: Jasmin
- Created on: 04-05-13 15:22
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- Wall Street Crash
- Herbert Hoover president
- People buying 'on the margin' buy now, borrow rest and pay later
- SAT 19 Oct 1929 - shares brought/sold. Heavy trading as prices began falling
- SUN 20 Oct - market closed
- MON 21 Oct - Prices fell but then went up again as there were still people who wanted to buy shares
- TUES 22 Oct - Prices rose slightly
- WED 23 Oct - people sold shares rapidly
- 'Black' THURS 24 - prices fell so fast people started to panic
- Loss of confidence
- Falling prices
- Loses by brokers and private investors
- Pressure on banks
- Bankrupcy of larger corporations, closure of banks
- Falling prices
- Loses by brokers and private investors
- Pressure on banks
- Bankrupcy of larger corporations, closure of banks
- Bankrupcy of larger corporations, closure of banks
- Pressure on banks
- Loses by brokers and private investors
- Falling prices
- Bankrupcy of larger corporations, closure of banks
- Pressure on banks
- Loses by brokers and private investors
- FRI 25 Oct - top bankers met and decided to support market. Prices steadied and rose
- MON 28 Oct - Heavy selling started again
- TUES 29 Oct - buyers couldnt be found and panic set in. Shares lost their value and the wealthy as well as small shareholders were hit badly
- People rushed to withdraw savings from banks - banks go bust
- MARKET CRASHED
- People rushed to withdraw savings from banks - banks go bust
- TUES 29 Oct - buyers couldnt be found and panic set in. Shares lost their value and the wealthy as well as small shareholders were hit badly
- MON 28 Oct - Heavy selling started again
- Falling prices
- Loss of confidence
- 'Black' THURS 24 - prices fell so fast people started to panic
- WED 23 Oct - people sold shares rapidly
- TUES 22 Oct - Prices rose slightly
- MON 21 Oct - Prices fell but then went up again as there were still people who wanted to buy shares
- SUN 20 Oct - market closed
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