The Wall Street Crash Flashcards
1
Q
When did it happen
A
24 October 1929 13 million shares were sold i
2
Q
Four causes
A
- over production
- uneven distribution of wealth
- high import tariffs on American goods
- speculating stock market
3
Q
Effects
A
- lots of money lost
- houses repossessed
- suicide
- people shining shoes
- 100,00 companies bankrupt
- unemployment risen to 12 million
- Hoovervilles
