events of the wall street crash

Question 1

When was the stock market closed down?

Answer 1

20th October 1929. Headline in the New York times - “ STOCKS DRIVEN DOWN AS WAVE OF SELLING ENGULFS THE MARKET”

Question 2

How many shares changed hands on Monday the 21st of October?

Answer 2

Over 6 million

Question 3

What happened on the 22nd of October

Answer 3

Prices rose slightly

Question 4

What happened on Black Thursday? ( 24th )

Answer 4

Nearly 13 million shares were traded in one day. There was such a panic to sell , sometimes when there wasn’t a buyer for the shares, the prices would plummet

Question 5

What happened on the 25th?

Answer 5

Top bankers met and decided to support the market. J.P Morgan broker Richard Whitney bought shares for more than their prices to support the market, and inject money into the economy again

Question 6

What happened on Saturday the 26th?

Answer 6

Hoover said that the businesses of the country are “ on a sound and prosperous basis “
this was just to restore confidence

Question 7

What happened on Black Tuesday? (29th)

Answer 7

Over 16 million shares were traded in the worst day of the New York Stock Market
the market was considered to have crashed on this day