Stock market crash 1929 Flashcards
Who started buying a lot of stocks?
The americans
When was the stock market crash?
In 1929
When was the black thursday?
On october 1929
What is the black thursday?
A time in which the stock prices drop
Wat happend after people started selling their stocks?
Dropping prices even further.
What are bankruns?
People try to get their money from the banks.
What was the effect of the bankruns?
A world wide economical crisis.
What were the 2 presidents in the time we are talking about?
Hoover and Roosevelt
What did hoover want to do about the world wide economical crisis?
Let’s wait, give the economy time to get back on it’s feet.
What was the effect of the solution from hoover?
Great poverty, huge slums “hoovervilles”.
What was the solution from roosevelt?
“New deal”. Government has to invest in order to solve the crisis.
