Summary of Points
Notes
- Causes: overproduction, stock market, tariffs
- Consequences: unemployment bank failures and closures
- government changes
- more tariffs
Subjunctive Question
Had Black Tuesday not occurred in October 1929, would it have occurred at all? If so, would the Depression have been as severe if it began at a different time?
Qoutes
"The wires to other cities were jammed with frantic orders to sell. So were the cables, radio, and telephones to Europe and the rest of the world. Buyers were few, sometimes wholly absent.... This was real panic.... When the closing bell rang, the great bull market was dead and buried.” Jonathan Norton Leonard
“It came with a speed and ferocity that left men dazed. The bottom, simply fell out of the market..... The streets were crammed with a mixed crowd — agonized little speculators,... sold-out traders,... inquisitive individuals and tourists seeking ... a closer view of the national catastrophe..... Where was it going to end?”Account of the stock market crash in the New York Times.
“It came with a speed and ferocity that left men dazed. The bottom, simply fell out of the market..... The streets were crammed with a mixed crowd — agonized little speculators,... sold-out traders,... inquisitive individuals and tourists seeking ... a closer view of the national catastrophe..... Where was it going to end?”Account of the stock market crash in the New York Times.
Website, Video and Audio links
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http://www.blacktuesday.org/
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Photos
After all that hard work...
http://www.thebruery.com/blacktuesday/