1 / 11

Texas & the Great depression

Texas & the Great depression. Chapter 23. Stock. Many people who made money in the 1920s invested heavily in stock. Stock : Ownership in a corporation, divided into shares & represented by a certificate. Stockholders.

teva
Télécharger la présentation

Texas & the Great depression

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Texas & the Great depression Chapter 23

  2. Stock • Many people who made money in the 1920s invested heavily in stock. • Stock: Ownership in a corporation, divided into shares & represented by a certificate

  3. Stockholders If the company does well, the stockholders get money back from their investments. Stockholder: Owner of stock

  4. Speculation • In the 1920s, people began to speculate on the stock market (where stocks are bought & sold). • Speculate: People risked their money hoping that prices would rise quickly so they could sell their stock for a quick profit.

  5. Stock market crash • Thursday, October 24, 1929: Investors sold 13 million stocks, which dropped prices sharply. • Friday & Saturday (Oct. 25-26): Bankers bought stocks to balance the stock market. • Monday (Oct. 28): Prices fell again

  6. Black Tuesday On Tuesday, October 29, 1929, investors sold over 16 million stocks, causing a $26 billion loss. So much money was lost that the day became known as “Black Tuesday”.

  7. Effects of black tuesday • Many people were left with debts they couldn’t pay. • Banks ran out of money since they couldn’t collect the money they were owed. • Factories & stores closed and ¼ of all workers lost their jobs. • The Great Depression began.

  8. The great depression The Great Depression lasted from 1929 to the beginning of World War II in 1939. People roamed from place to place looking for work or built shacks to live in.

  9. Impact on texas • The Great Depression spread worldwide, affecting European markets for Texas goods. • Texas’s crop prices dropped 50% between 1929 & 1933. • About 13% of Texans had to ask for government help.

  10. Drought • In the mid-1930s, a terrible drought hit Texas & other states in the Great Plains. • This caused the millions of acres of grassland that had been plowed to produce fierce dust storms called “black blizzards”.

  11. Dust bowl • Texas, Oklahoma, Kansas, Colorado & New Mexico were affected by the drought & constant dust storms. • People called this region the “Dust Bowl”.

More Related