The Great CRASH

1. The Great CRASH And its Effects 1929 - 1933

2. President Hoover’s Inauguration March 4, 1929 President Hoover took office “I have no fears for the future of our country – it is bright with hope”

3. 1920s Stock Market What were the characteristics of the stock market in 1920s?

4. 1929 Stock Market • Beginning of September: started to drop • October: downward trends • October 22: “I know of nothing fundamentally wrong with the stock market or with the underlying business and credit structure.” – leading bank president speaking with reporters

5. 1929 Stock Market • After October 22: • Stock values declined • Brokers started to unload stocks • Leading bankers formed a pool to buy stocks to halt slide • Prices steadied for a few days • Then stockholders began to unload • October 29: single most devastating day

6. What does a “Crash” mean?

7. Impact: Stock Market Investors

8. How did the Crash impact the rest of the population? 4 major circumstances occurred: • Failure of U.S. Banking System • Mass Unemployment • Mass Homelessness • Mass Hunger

9. Failure of Banking System

11. Mass Unemployment

12. Mass Homelessness

13. Mass Hunger

14. Did the Crash cause the Great Depression?