America- Wall Street Crash Flashcards
1
Q
How many share owners were there in 1929?
A
The share owners went from 4,000,000 in 1920 to 20,000,000 in 1929.
2
Q
What is speculation?
A
- form of gambling
- they borrow money to buy shares and as soon as the prices rise they sell their shares and gain a small profit
3
Q
What caused the Wall Street Crash?
A
If people thought the prices would stop rising, they would pull their shares out, everyone was trading at the same time which caused the market to…CRASH! The structure came down in 1929.
4
Q
Who else crashed when the Wall Street crash happend?
A
Banks invested money in the market so lost millions
Very few people had money.
5
Q
Was the investment in the stock market popular during the boom?
A
Yes
