End of Prosperity

Black Thursday

24 October 1929 - the start of the Wall Street Crash, a 'black' day economically

Consumer Goods

Goods used for personal use, not for production, e.g., vacuum cleaner

Great Depression

Prolonged economic downturn post-Wall Street Crash affecting the world

On the Margin

Borrowing money to buy shares

Shares

Financial stakes in a company or business

Stock Market

Market where shares are bought and sold

Overproduction in Agriculture

Excess farming output leading to price fall and farmer losses

Overproduction in Industry

Excessive unsold consumer goods due to low demand

Buying on Credit

Purchasing goods on credit leading to debt accumulation

Commerce

Trade issues due to tariffs affecting surplus goods sales

Property Prices

Rise and fall in house prices causing negative equity

Too Many Small Banks

Unregulated small banks unable to handle financial crises

Over Speculation

Buying shares with borrowed money, expecting profit

Loss of Confidence

Lack of trust leading to sudden price drops