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Black Tuesday and the 1929 Stock Market Crash TJ, Lauren, and Eric

The total value of the stock market in New York was $27 billion in the 1920's and it rose to $87 billion in 1929. Buying on margain allowed investors to borrow money to invest. A market crash happens when too many people want to sell at one point and no one buys the shares which is exactly what happened on Black Tuesday when shares were sold for way less than they should have been leading to the market's crash. ([|www.ushistory.org])

Before the time of the crash, production was already on the downward spiral and unemployment continued to rise giving the illusion that a stocks' value was much higher than what the actual amount was. On Black Thursday, a record amount of stocks were traded by investors in an attempt to try and stablize the stock market. On the following Monday, the market went into free fall so on Black Tuesday, the stock market crashed completely as the prices continued to fall. ([|www.history.com])

The New York Stock Exchange saw a tremendous downfall on October 29, 1929 when shareholders traded over 16 million shares. This sent stock prices crumbling downward costing investors billions and starting the Great Depression in the United States. It wouldn't be until America was awakened by World War Two that the workforce sped back into action, improving the economy and pulling the country out of the depression. ([|www.history.com])

"By 1933, nearly half of America's banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce." ([|www.history.com])



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"The crash led to widespread panic selling...business conditions became bleak, leading to high unemployment rate. The market bottomed in 1932, after losing 89% of its value from its peak three years earlier" ([])

"Whose fault is it!" This picture represents how there were many other factors that contributed to the Great Depression. "Something was definitely unbalanced, and led to extreme poverty." ([])

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Video: The Stock Market Crash of 1929

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