Great depression & Wall street crash - history

wall street crash when?

1929 and caused great depression

what was the Wall Street Crash

• USA finanical problems when shares on New York stock exchange crashed in value

what was the great depression

due to WSC, US recall their loans and theirs a decline in world trade as people lack confidence.

• german bankrupt firms

• unemployment

• poverty

• drop of demand for goods

impact of the great depression

• removed all hope in gov’t and anger began

• 50,000 firms closed 1929-32

• decrease in wages - one third

• crime increase

• 18000 farmers bankrupt