Black Tuesday Research Paper
Jared Shadkin
September 19, 2013
Period 6
Note Cards (About.com) Source A
It devastated the economy and was a key factor in the beginning of the great depression.
Known was Black Tuesday and the Great Wall Street Crash of 1929.
A lot of people started to invest in the stock market, which cause stocks to rise.
Many people wanted to buy the stocks, but some did not have enough money to.
Banks placed customers money in the stock market without their knowledge, which caused problems.
Everyone was trying to enter into the market, which made it scrambled.
Black Tuesday was the worst day in stock market history because there were so many orders.
The DOW kept dropping until the panic ended.
People borrowed money nonstop and buying …show more content…
Steel productions went down, house construction slowed, and car sales waned all to a hault.
On the morning of October 24th, 1929, everything went down. Vast numbers of people were selling their stocks.
The ticker went down and started being delayed because everyone was selling his or her stocks.
The morning had been shocking, but most of it was forgotten.
Over the next two years, the stock market continued to drop until it closed at its lowest point ever at 41.22.
The Great Depression (book)- The World History Series – Source C
In 1929, the stock markets fails at the end of a good year and millions of traders and people lose their money and are all in bankruptcy.
Millions of people committed suicide due to their loss in money.
The crash was thought to be the root cause of the great depression.
As the crash seems to continue, more banks had to close their doors and were unable to give clients money from their accounts.
People began to stash their money that they took from the banks in their homes to make sure that they had some kind of way to buy essentials and maintain society; under mattress, in walls, and in …show more content…
It began soon after the crash of 29, which send Wall Street on a one-way ticket into panic and tragedy and wiped out millions of investors.
The depression hit its rock bottom, when almost 15 million people were unemployed and nearly 60% of the country banks had failed.
Black Thursday occurred on October 24, 1929, when the stock market finally reached its breaking point and slipped.
As this happened, investors began selling shares in great quantities.
The total lost during that day was over 13 million.
Just under a week later, on Black Tuesday, over 16 million shares were traded after another round of frustration and trepidation came through Wall Street.
Millions of people ended up loosing everything.
The accounts of investors who bought stock on margin were decimated and left with an empty wallet and bank account.
Spending was cut by over 100% and manufacturers laid off an average of 50 people (based on a manufacturer of 200 or more people.)
The attachment to gold, which other countries fell to for more money in an immovable currency exchange, helped spread the Depression from the U.S to other countries, especially in
September 19, 2013
Period 6
Note Cards (About.com) Source A
It devastated the economy and was a key factor in the beginning of the great depression.
Known was Black Tuesday and the Great Wall Street Crash of 1929.
A lot of people started to invest in the stock market, which cause stocks to rise.
Many people wanted to buy the stocks, but some did not have enough money to.
Banks placed customers money in the stock market without their knowledge, which caused problems.
Everyone was trying to enter into the market, which made it scrambled.
Black Tuesday was the worst day in stock market history because there were so many orders.
The DOW kept dropping until the panic ended.
People borrowed money nonstop and buying …show more content…
Steel productions went down, house construction slowed, and car sales waned all to a hault.
On the morning of October 24th, 1929, everything went down. Vast numbers of people were selling their stocks.
The ticker went down and started being delayed because everyone was selling his or her stocks.
The morning had been shocking, but most of it was forgotten.
Over the next two years, the stock market continued to drop until it closed at its lowest point ever at 41.22.
The Great Depression (book)- The World History Series – Source C
In 1929, the stock markets fails at the end of a good year and millions of traders and people lose their money and are all in bankruptcy.
Millions of people committed suicide due to their loss in money.
The crash was thought to be the root cause of the great depression.
As the crash seems to continue, more banks had to close their doors and were unable to give clients money from their accounts.
People began to stash their money that they took from the banks in their homes to make sure that they had some kind of way to buy essentials and maintain society; under mattress, in walls, and in …show more content…
It began soon after the crash of 29, which send Wall Street on a one-way ticket into panic and tragedy and wiped out millions of investors.
The depression hit its rock bottom, when almost 15 million people were unemployed and nearly 60% of the country banks had failed.
Black Thursday occurred on October 24, 1929, when the stock market finally reached its breaking point and slipped.
As this happened, investors began selling shares in great quantities.
The total lost during that day was over 13 million.
Just under a week later, on Black Tuesday, over 16 million shares were traded after another round of frustration and trepidation came through Wall Street.
Millions of people ended up loosing everything.
The accounts of investors who bought stock on margin were decimated and left with an empty wallet and bank account.
Spending was cut by over 100% and manufacturers laid off an average of 50 people (based on a manufacturer of 200 or more people.)
The attachment to gold, which other countries fell to for more money in an immovable currency exchange, helped spread the Depression from the U.S to other countries, especially in