America - Reasons For The Crash

Question 1

Overproduction

Answer 1

Not all Americans could buy luxury goods and the number of people buying them reduced but factories were making them than they could be sold

Question 2

Tariffs

Answer 2

American goods were not being bought in other countries as foreign goods had put tariffs on them

Question 3

Selling shares

Answer 3

In September 1929 some people started selling shares as they though prices could go down. Words spread and others followed on.

Question 4

Black Thursday

Answer 4

24 October 1929, 13 million shares were sold on the New York stock exchange in Wall Street.

Question 5

Black Tuesday

Answer 5

29 October - another mad panic to sell shares at any price. 16 million were sold. 8 billion lost in a day