05: Wall Street Crash Flashcards by Sam B

Q

How many people were unemployed by 1933?

A

14 million people

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Q

Reasons for Wall Street Crash

A

Buying on a margin
Speculation
Overproduction
Republican policies: High tariffs, laissez- faire (little regulations on buying on credit)
Poverty - reduced profitability of businesses

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Q

What started the Wall Street Crash?

A

24th October 1929 - 12.9 million shares sold - Black Thursday
29th October 1929 - 16.4 million shares sold

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