The Great Depression

  Copy


More Options: Make a Folding Card




Storyboard Description

History Homework

Storyboard Text

  • On Tuesday, October 29, 1929, known as "Black Tuesday," the stock market crashed nationwide, losing a total of $14 billion dollars.
  • Stockowners did not know what to do. All of the banks that participated in the buying and selling of stocks closed down.
  • People ran to get the money out of their accounts, but there was none because the bank had used it.
  • Houses and cars had to be repossessed by the companies that had sold them. Except the companies did not want them because there warehouses were already full with brand new cars ready to be sold.
  • SOLD
  • People had to sell their houses because they had no money also people lost their jobs (Unemployment in Britain rose to 2.5 million)
  • Import duties discouraged trade, which harmed the economy. When there is unemployment and uncertainty, people cut back on spending Unemployed people have no wage and cannot buy things, which causes more businesses to go bankrupt and creates more unemployment.
Just Created with Storyboard That
Explore Our Articles and Examples

Try Our Other Websites!

Photos for Class – Search for School-Safe, Creative Commons Photos! (It Even Cites for You!)
Quick Rubric – Easily Make and Share Great Looking Rubrics!