The Great Depression #2 Flashcards
1
Q
On Thursday _______ some nervous investors began selling their stocks
A
October 24 1929
2
Q
On ______ bankers joined together to buy stocks and prevent a further collapse
A
Friday
3
Q
Black Tuesday October 29, 1929 was the worst day affecting stocks of even solid companies
A
in a few short days the market had dropped in value by about $16 billion
4
Q
Margin buyers were hit the…
A
hardest since they could not repay their loans
5
Q
people rushed to withdraw their money…
A
draining the bank of funds
