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Stock Market Crash October 1929

Stock Market Crash October 1929. [Corel]. United States-Economy. Economic Boom Lending money “Bull Market”. Library of Congress]. More risk takers, buying stock on margin, bought more goods using credit. United States-Economy. Economic Weaknesses Farms-Falling Prices

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Stock Market Crash October 1929

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  1. Stock Market Crash October 1929 [Corel]

  2. United States-Economy Economic Boom Lending money “Bull Market” Library of Congress] More risk takers, buying stock on margin, bought more goods using credit

  3. United States-Economy Economic Weaknesses Farms-Falling Prices Workers did not receive a wage increase with increase of production Many people held out of buying goods This led to slow demand and overproduction [Library of Congress]

  4. United States-Economy October 1929-Brokers asked for loans back Investors unable to pay Financial panic, Stock plummeted, industry and wages down [UPI-Bettmann/Corbis] By 1933, ¼ of American workers are unemployed

  5. United States-Politically People blamed the Republican Presidents for the economy [Franklin D. Roosevelt Library] Social Security Administration]

  6. United States-Politically In 1931 Franklin D. Roosevelt is elected President of US FDR and the New Deal Legislation [Library of Congress] Federal Government to provide relief for unemployed

  7. United States-Politically Bills passed Congress: Regulation of Banks and Stock Market Production guidelines for Industry and Agriculture [Franklin D. Roosevelt Library] http://www.americanhistory.abc-clio.com/lessons/topics/topicdisplay.aspx?conceptid=57

  8. THE DUST BOWL [Library of Congress] http://www.yankton.net/images/091499/DustBowl.jpg http://www.glencoe.com/qe/images/b96/q2582/tak11_obj2_seatt.gif

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