The Wall Street Crash: 29th October 1929

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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