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The Stock Market Crash of 1929

The Stock Market Crash of 1929. Mr. Teller’s Students. The Roaring Twenties. Inventions Automobile Radio Airplane Literature Langston Hughes Robert Frost Ernest Hemmingway Entertainment Charlie Chaplin Radio Jazz Music Movies Dr. Jekyll and Mr. Hyde The Jazz Singer King Kong

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The Stock Market Crash of 1929

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  1. The Stock Market Crash of 1929 Mr. Teller’s Students

  2. The Roaring Twenties • Inventions • Automobile • Radio • Airplane • Literature • Langston Hughes • Robert Frost • Ernest Hemmingway • Entertainment • Charlie Chaplin • Radio • Jazz Music • Movies • Dr. Jekyll and Mr. Hyde • The Jazz Singer • King Kong • Fashion • Men • Suits • Baggy pants • Women • War apparel (goggles, helmets, scarfs) • More skin

  3. Black Thursday • Thursday, October 24 of 1929 marked the beginning of the stock market crash • Everyone was selling, nobody was buying • The following week, stock prices kept falling • Billions of dollars disappeared

  4. Reactions • People were afraid to buy stocks • For months, the economy went spiraling downwards • Businesses, brokers, and people went bankrupt • Many committed suicide • Legend has it that some chose to leap from windows to escape the tragedy that had occured

  5. Immediate Effects • Unemployment rates rose • Industrial production dropped • Prices fell • Wages Declined • The Great Depression had started

  6. The Great Depression • Fast Facts: • Factory production was cut in half by 1932 • 86,000 businesses failed • 9,000 banks closed • 9 million people lost their savings accounts • Unemployment grew to 25% by 1933 • All of these things happened because of the Stock Market Crash of 1929 • Western Europe was impacted as well • The loans that Americans were sending to Germany and Austria were called back • World manufacturing production dropped • International trade fell • Unemployment rates increased dramatically

  7. Unemployment In Europe x1000

  8. The New Deal • President Franklin Delano Roosevelt implemented the New Deal which stressed… • Relief • Recovery • Reform • Public works projects helped to provide jobs • The government gave help to businesses and farms • Elderly and disabled citizens were given insurance • The New Deal helped the United States get out of the Great Depression, with the help of World War II

  9. Looking Back • Three important factors led to the stock market crash and ultimately the Great Depression • Overproduction and underconsumption • Businesses could not sell all of their goods, which led to the growth of unemployment • The dilemma of farmers • Prices of agricultural products dropped, resulting in an abundance of farmers who could not pay their loans • Speculation in stocks • Stockholders lost an estimated $74 billion • Americans were overly cautious with their money and consumer spending dropped

  10. Timeline

  11. Sources • www.newprophecy.net • www.jeffrey-feldman.typepad.com • www.straightdope.com • www.time.com • www.mutualfunds.com • www.oldhistoricnewspapers.com • www.phys.ntnu.no • www.bergen.org • www.jmcolberg.com • www.time.com • www.keithboykin.com • www.online-cash-advance.com • www.societies.ncl.ac.uk • www.webtech.kennesaw.edu • Heath World History: Perspectives on the Past

  12. THANK YOU

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