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Prosperity Shattered

Prosperity Shattered. Goals. Describe consumerism in the 1920s. Define bull market, bear market, speculation, margin buying, Black Thursday and Black Tuesday. Explain how the stock market works. Explain why the stock market crashed in 1929. . Economic Concepts. Supply and Demand. Credit.

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Prosperity Shattered

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  1. Prosperity Shattered

  2. Goals • Describe consumerism in the 1920s. • Define bull market, bear market, speculation, margin buying, Black Thursday and Black Tuesday. • Explain how the stock market works. • Explain why the stock market crashed in 1929.

  3. Economic Concepts Supply and Demand. Credit

  4. Stock Market Bull market- upward trend in stock prices. Bear market- downward trend in stock prices. Speculation- ‘playing’ the market by buying and selling to make a quick profit. Margin buying- purchasing stocks with borrowed money.

  5. The Stock Market Crash Black Thursday – October 24, 1929. Many investors suddenly sold their shares, made others nervous so stock prices plummeted. Black Tuesday – October 29, 1929. Panicked investors dumped 16 million shares.

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