Wall Street Crash

• Why did the Wall Street Crash

  Factories were overproducing - making goods faster than then can sell them -> profits declined

  Tariffs were put on US products in foreign countries so companies were struggling to sell abroad
• Why did the Wall Street Crash?

  September 1929 - people began to sell shares as words spread around saying the stock Market was declining

  More people started selling shares as the word spread even more

  Shareholders realised that shares were only worth something if people wanted to buy them
• Why did the Wall Street Crash?

  24th October 1929 (Black Thursday) - stock Market lost 11 percent of its value -> people started to panic and sell more shares -> stock Market falls

  28th October 1929 (Black Monday) - banks started selling stocks and shares
• Why did the Wall Street Crash?

  29th October (Black Tuesday) - Wall Street Crashes as thr Market dropped by 23 percent in 2 days and banks started becoming bankrupt

  December 1930 - Bank of the United States in New York became bankrupt

  400,000 citizens lost everything
• How did the Wall Street Crash cause problems in America?

  Ford's assembly line shut down

  Construction industries dropped by 50 percent

  Fewer purchases of consumer goods

  Unemployment increased significantly