The Great Depression
Storyboard Text
- The Stock Market
- Cool, let me invest all my money, I speculate this company will do well!
- Did you see the new cool things to do, the Stock Market is a place to invest your money.
- I want to too! I want to too!
- The Stock Market Crashes
- I JUST LOST ALL MY MOEY FROM THE STOCK MARKET!!!! STUPID BUSINESS CALLED AMAZON
- One minute my stocks cost almost double what I bought it fo rain the next it's almost 1 quarter of the amount I paid.
- High Unemployment and Low Demand
- And I thought I was getting a promotion.
- I'm sorry but the woman is running low and I can't afford to pay you check and going to have to let you go. I feel terrible.
- The Stock Market was a great way to invest money into businesses. An investor would sell stocks and
- Federal Reserves Missteps
- What should we do with all of this money?
- Do what you want with it.
- After "Black Thursday" and "Black Tuesday" investors who would sell millions of stocks a day now had no buyers.
- Bad President
- Companies ran out of money and about 15 million people were jobless, which would increase in coming years.
- Bad Timed Tariff
- The financial irresponsible bank and government workers who lost money and when over 11,000 banks failed.
- I didn't think about what I was doing and now we lost a lot of our citizens money and savings
- Ok
- What happened to everyones savings.
- President Herbert Hoover didn't help at first, making things worse, until he finally did, but by then he was too late.
- Mr. President what are you going to do about the stock market
- I haven't decided yet.
- The Law that would increase the price on foreign goods and was thought to help the economy, but instead damaged it.
- Here is the Smooth-Hawley Bill, made to help bring foreign goods. Tariffs on foreign products will go up 20%
- But this just made things worse, foreign imports are down 40%
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