The Wall Street Crash Flashcards
When did the Wall Street Crash take place?
October 1929.
What was the average share price of a general electric product on September 3rd 1929, and later on November 13th?
$396, and $168.
What was the share price of steel in the US in 1929 and 1932?
$262, and $22.
When did experts begin to heavily sell off their shares?
Early in the Autumn of 1929.
What was the effect of experts selling off their shares on consumer morale immediately prior to the Wall Street Crash?
Investors panicked, and rushed to sell their own shares.
How great was the loss of investors following the wall street crash?
Thousands of investors each lost millions of dollars.
What was belie
Black Thursday.
How many people sold their stocks on Black Thursday?
13 million.
On which date did the most prominent bankers in the US meet in order to attempt to stabilise the economy following Black Thursday?
Friday 25th of October.
What date was Black Thursday?
24th October.
When did the Wall Street Crash begin?
19th of October, when experts began to sell their stocks en masse.
How many shares were sold by experts on the 19th of October?
3.5 million shares.
When did Hoover (wrongly) state to the nation that the panic was over after the Wall Street Crash?
On the 26th October - he promised that business and banking would soon recover.
