Wall Street Bomb And Crash Flashcards
When was the Wall Street bomb?
16th September 1920 lunch
How many people did it effect?
30 were killed and 300 injured
Why couldn’t they figure out who did it?
They couldn’t reconstruct the bomb
What did the flyers say?
American anarchists demanded the release of political prisoners
How many banks went bust?
10000
How much did the shares of union cigar fall?
They fell from 113 dollars per share to 4 dollars
What did the price of electric company fall to and what did the shares in radio fall to?
3.15 to 2.83 dollars
24 cents
What was appealing about the stock market?
It was an easy way to get rich
What happened in 1929?
One or two cautious people began to sell their shares
What happened on October 24th 1929?
13 million shares were sold this was 5 times as many as a usual day
What happened on the 29th October 1929?
16 million shares were sold and the average price dropped to 40 cents
What was the share holders loss?
8000 million dollars
What day were 13 million shares sold?
24th October 1929
When were 16 million shares sold?
29th October 1929
