The Wall Street Crash: 29th October 1929

Powerpoint Lesson Plan:

• • Aimed at Students studying at UK GCSE or equivalent
  • Free to download
  • Use as you wish in the classroom or home environment
  • Final Task & Questions

Summary Of the crash:

• Sat 19th Oct – 3.5 million shares sold. Prices fall
• Sun 20th Oct – “Stocks driven down as wave of selling engulfs market”
• Mon. 21st Oct – Over 6 million shares change hands. Prices fall then rise in the afternoon. There are still buyers on the market.
• Tue 22nd Oct – Prices begin to rise
• • Wed 23rd Oct
  • 3 million shares sold in the last hour of trading
  • Margin buyers told to find more cash
  • ‘Black’ Thursday
  • 13 million shares sold
  • No buyers found
  • Panic!!
• Fri 25th Oct – Top bankers decide to support market
• Banking firms buy millions of shares for more than they are worth
• Sat 26th Oct – President Hoover “The fundamental business of the country, is on a sound and secure basis”
• • Mon. 28th Oct – Massive selling
  • 3 million shares sold in the last hour of trading, 9 million sold in total
  • Banks stop supporting prices
  • Tuesday 29th Oct
  • 16 million shares sold
  • No buyers found
  • Ticker tape machines break due to pressure, many are ruined before they can act