Great Depression

Slidkalniņš: 1
In the early 1920s, The U.S. was booming. Unemployment was low, the stock market was up, and everybody was enjoying their lives
I have a job and I'm making money in the stock market. Life really can't get any better. Ain't that right Hun?
You're right, Babe!
Slidkalniņš: 2
You should invest in stocks right now. It's guaranteed money and nothing bad will ever happen.
Is that so? If it is, then I will put everything I have into and even take out a loan to make more money.
From 1927-1929, the value of the stock market doubled. It seemed as if the stock market was unstoppable.
Slidkalniņš: 3
that's not good because that means everybody is going to lose all their money.
I found out that people are selling their stocks but nobody wants to buy it.
by October of 1929, people started selling their stocks but nobody would buy them. The true beginning of the end came on October 29 on a day known as Black Tuesday. On this day people sold over 16 million shares of stock and nobody bought it.
By 1933, 25% of Americans were unemployed. Nobody could afford to buy anything, and the entire economy collapsed.

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