Wall St Crash Flashcards
(16 cards)
How many depositors did the bank of USA have when it closed in 1930?
400,000
What percentage did banks lend people when ‘buying on margin’?
90%
How much did international trade fall by?
$7 billion
How much did banks lend speculators in 1929?
$9 billion
How many speculators were there by 1929?
600,000
What was gambling on the stock market nicknamed?
Speculation
How much money did Rockefeller lose in the crash?
$160 million
How much did average income dropped by?
60%
How much money did Churchill lose in the crash?
$500,000
How many shareholders were there by 1929?
20 million
How much did farm and industrial production fall by?
40%
When did the Wall St. Crash occur?
October of 1929
What did the Wall St. Crash lead to?
The Great Depression
How much was farm income by 1929?
$13 billion
When did Babson predict that there would be a crash?
On 5th September 1922
What was ‘the Babson Break’?
‘Sooner of later a crash is coming and it may be terrific’
