Wall Street Crash

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  • Created by: asteadman
  • Created on: 07-05-14 09:25
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  • Wall Street Crash
    • Causes
      • Overproduction in agriculture
      • Overproduction of consumer goods
      • Inequality
      • Foreign competiton
      • Rush to buy shares
      • Forced by shareholders rather than reinvesting them
      • America borrowed money on credit
    • Effects
      • Many individuals were bankrupt
      • People lost their homes
      • Banks collapsed
      • Farmers suffered
      • Unemployment
      • Demand for goods of all types fell
      • Production fell and so did wages and jobs


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