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“ Learning to Lead our Lives ”

“ Learning to Lead our Lives ”. Title: The Wall Street Crash. Skill: Knowledge and Understanding, Causation. NGfL: USA 1929 -1990.

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“ Learning to Lead our Lives ”

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  1. “Learning to Lead our Lives” Title: The Wall Street Crash Skill: Knowledge and Understanding, Causation. NGfL: USA 1929 -1990 All images/ cartoons are believed to be in the public domain. Many of the images were sourced from the internet encyclopaedia wikipedia at http://en.wikipedia.org

  2. What is the connection between this image and the Wall Street Crash?

  3. Why did the stock market collapse in October 1929?

  4. It is August 1929. All your friends have invested in the stock market and have made a huge profit! You now decide that you will use your life savings and some money that you have borrowed to buy two shares on the stock market. Chose two and see how much money you make!!!! Go to stock market.

  5. August 1929 Chose two shares and record the name of the share and how much it is worth! Click to see how your shares have done!

  6. September 1929 How have your shares performed? What are you going to do? Click to see how your shares have done!

  7. October 1929 The stock market has just crashed. Panic selling occurs. What are you going to do!! Click to find out how the stock market is doing

  8. January 1930 It is January 1930. The stock market has collapsed! How are your shares doing? What are you going to do? Go to definition of speculation.

  9. Causes of the Wall Street Crash Speculation is a form of gambling. Speculators do not keep their shares for long. They borrow money to buy their shares and sell them quickly when the price has risen. As the stock market in the 1920s was so strong many people believed that they could ‘get rich quick’. Go to menu page.

  10. Causes of the Wall Street Crash • Speculation • Poor distribution of income between rich and poor. • Overproduction by American Industries. • No export market for US goods • Agriculture - over production Create a spider diagram to record the major causes of the Wall Street Crash. The Presentation will give you extra information that you should include

  11. Poor distribution of income between rich and poor The richest 5% of the population earned 33% of all the money earned in the USA This meant • Only a relatively small number of Americans could really afford the goods being manufactured. • Many bought goods through Hire Purchase (HP) • By the late 1920s there were not enough people willing to buy the volume of goods being produced.

  12. Overproduction by American Industries. By the late 1920s more goods were Being made than there were people who could afford to buy them. As a result, companies • Decreased their prices • Made smaller profits • Started to sack workers

  13. No export market for US goods • In reply to USA’s tariffs against goods from aboard, foreign countries imposed tariffs on American goods. • This made it hard for American businesses to sell goods aboard • The USA could not export its surpluses when demand at home began to fall.

  14. Agriculture After 1920 the war time prosperity of American farmers ended due to: • Farmers in Europe no-longer needing food from USA as they were able to cultivate their land again ( Belgium and France) • American Farmers, often suing modern machinery, overproduced using a fall in food prices. • Some farmers due to the reduction in profits were unable to make their mortgages payments. This resulted in their farms being repossessed. In 1924 about 600,000 farmers lost their land Go to task

  15. Task: Prioritising Which factor do you think was the most significant in causing the Wall Street Crash? Remember your answer should be balanced!

  16. Over production Industry ‘Get rich quick’ Splat Over production Agriculture Hire Purchase Speculation

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