The Wall Street Crash-1929

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  • Created by: Heather
  • Created on: 18-03-14 20:29
What day is known as Black Thursday and how many shares were sold?
Thursday 24th October and nearly 13 million sahres were sold,
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Did people want to buy these shares? What happened to the price?
No one wanted the shares so prices dived,
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Who tried to resolve the crisis and how much did they spend?
A group of bankers spent nearly $250,000,000 buying shares,
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What did they hope this would do?
They hoped it would encourage investors to buy rather than sell shares,
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did the tactic work? What happened to prices?
yes and share prices sropped falling
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When was there renewed panic and how many shares were sold at fallind prices?
Monday 28th October and nearly 9 million shares were sold,
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What did investors do on Tuesday 29th October? Did they sell the shares and how much did they gain/lose?
Invesotrs were panicked so sold their shares for anythign they could get. They lost a sum of $8 billion on that day alone,
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For Woolworths, what was US share prices on the 3rd Septmember 1929 and what was it on the 13th November?
It was $100 but decreased to $52
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What happened to share pirces after Tuesday? When did they finally stop falljng?
They began to fall but stopped mid-may
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How was confidence in the economy now? Why?What did the cycle of prosperity now become?
The confidence in the economy was destoryed as so many people had lost alot of money. It had now become the cycle of depression,
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What happened to the banks after the crisis? What did people rush to do?
people lost confidence in the banks and there was a 'run' on banks and people withdrew savings until they ran out of money,
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In 1929, how many banks collapsed?
Nearly 700
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To recover money, what did banks try and do? what was the problem with this?
They tired to reel in loans from companies and ordinary people who borrowed it. however, they also didnt have the money to reapy,
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Between 1929 and 1933, how many companies closed down and why>
More than 100,00 busineses shot down as they became bankrupt,
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Other cards in this set

Card 2

Front

Did people want to buy these shares? What happened to the price?

Back

No one wanted the shares so prices dived,

Card 3

Front

Who tried to resolve the crisis and how much did they spend?

Back

Preview of the front of card 3

Card 4

Front

What did they hope this would do?

Back

Preview of the front of card 4

Card 5

Front

did the tactic work? What happened to prices?

Back

Preview of the front of card 5
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