wall street crash (HH)

describe life in america before the crash

- boom times

- times of prosperity

- 'unlimited plenty for all'

- high share prices

when did the crash happen?

on october 29th, 1929

what were the 3 impacts of the crash?

1. banks collapsed

2. many widows lost all their insurance

3. people lost their life savings

describe hoover's attitude towards the crash

he was optimistic and said recovery was around the corner

what did americans stop doing during the crash?

stopped spending money

describe how the crash happened

prices fell as investors sold off their stocks -> the media began to circulate rumours of a crash -> people who had borrowed money began to sell shares to make some profit -> the stock market was forced to close to prevent panic but reopened later -> investors sold their shares and kept the profits , fearing the share prices were too high AND THE CYCLE REPEATED