wallbstreet crash Flashcards
1
Q
when was the crash?
A
october 28th 1929
2
Q
what did the wall street crash result in
A
great depression
3
Q
what did people lose
A
life long savings and jobs
4
Q
what did the crash end?
A
laissez faire
5
Q
how many americans were out of work?
A
2.5 million
6
Q
value of stock lost?
A
14 billion
7
Q
how many shares were traded on black tuesday?
A
16 million
8
Q
how many struggling with poverty?
A
15 million
9
Q
how many banks closed in 1929?
A
659 closed in 1929
10
Q
name some causes?
A
-laissez faire, unemployment, bank credit+easily acquired loans,overproduction,overinflated shares,raised interest rates
11
Q
what did the crash pave the way for?
A
government intervention in the economy
