Stock Market Crash

What happened on Oct. 29, 1929?

Wall Street Crashed

Wall Street was home to what in the United States?

Stock Market

What is a place that shares stocks publicly traded companies are bought and sold?

Stock market

A ______ meant that the majority of shares and investments being sold and traded on the stock market ______

-Crash

-fell in value

Despite a booming economy, there was an _____ distribution of income

uneven

People played the stock market to get rich through ______ (they bought stock, waited for price to rise and then sold it for profit)

speculation

People used _____ to buy consumer goods and then ended with a _____ they couldn’t pay

1. credit

2. massive debt

________ of consumer goods ,is a cause of the stock market crash

Over production

Weak ______ , was a cause of the stock market crash

farm economy

There was no ______ of business

government regulation

Since Germany could not pay its war reparations, the ________ allies could not pay back the U.S

Allies

____ of banks failed wiping out _____ of their customers savings

1. 20%

2. 10 milion

People didn’t have the ______ to spend so their ___ _for items significantly reduced

1. disposable income

2. demand

With lower demand, business didnt need ______ which led to _______

1. as many workers

2. masive job layoffs

By 1933 ________

25% of the workforce was unemployed

Up until this point_{, _________ had been ______ occurring every 20 years or so and lasting a few years}

1. Panics

2. Very common

However, this stock market crash triggered a __________ that lasted longer than anyone expected.

Massive economic depression