Great depression
Storyboard Text
- I'm going to stop by the bank and buy some stock
- Why is he getting stock? Nobody does that.
- Once I get my stock I'm gonna have so much money!
- Money
- That's the guy that bought stock and got a lot of money because of the bull market
- In the early 1920's not many people knew about stock or bought it.
- Money
- Money
- Money
- People would purchase stock with some of their own money and then borrow the rest. They had to pay the money they borrowed back.
- Debt
- Debt
- Debt
- Stock eventually became more popular and more people bought which created the stock to increase, this created the bull market.
- No stock
- No stock
- No stock
- Eventually stock became something that everyone would buy because they would use credit and wouldn't have to pay for the entire total.
- Eventually people would go into debt because they couldn't pay what they needed to pay back. One day they had enough money the next day they didn't know if they would have enough with stock constantly going up and down
- Eventually they realized that stock speculation wasn't gonna work and most of the people that had to try to sell it.
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