1929 The Wall Street Crash

• What significant event occurred in 1929 that impacted the economy?

  The Wall Street Crash
• What was one of the long-term causes of the Wall Street Crash?

  Overproduction led to falling prices
• How many farmers were affected by the economic conditions mentioned in the study material?

  400,000 farmers
• What role did buying on margin play in the stock market prior to the crash?


  It inflated the prices of shares
• Who became President in 1929?

  Herbert Hoover
• What was the public's reaction to the stock market in September 1929?

  People began to withdraw their money from banks
• What happened on October 29, 1929, in relation to the stock market?

  The stock market crashed, leading to a significant loss of wealth
• What was the impact of the Wall Street Crash on people's fortunes?

  Thousands of people lost their fortunes
• What was the state of the stock market before the crash in terms of prices?

  Prices were inflated and unsustainable
• What did the study material imply about the economic conditions leading up to the crash?

  There was a lack of confidence in the market
• How did the actions of the public in September 1929 contribute to the crash?

  Mass withdrawals from banks indicated a loss of confidence, leading to further declines
• What was the general sentiment about the stock market before the crash?

  People believed it was a fair price