3 causes of the wall street crash

why was there a fall in demand for consumer goods

by 1929 most who could afford a car had one

60% of american families lived below the poverty line and had an income of less than $2000 a year - boom did not impact everyone

consequences of ww on industry

helped farming temporarily but afterwards the demand fell

what did the price of wheat drop to

$2.5 to $1 a bushel 

by what year were half of all farmers living in poverty 

1928 

why did old industries decline

demand for coal fell as electricity and gas were more widely used

what did lowering tariffs mean for the cotton industry

suffered from foreign competition

how many banks were there in the 1920s

30,000 banks 

banking was not well regulated 

why did shares not rise as quickly in 1928

companies were not selling as many goods

by 1929 what percentage of the purchase price of shares was borrowed

75%

created artificially high prices