black tuesday
DESCRIPTION
Black Tuesday. The Good Times had lasted a decade. Some People thought they would never end. But there had been signs. Many people didn’t have a job or sufficient income. Family Farms were failing. But on Wall Street... . Record profits followed record profits. - PowerPoint PPT PresentationTRANSCRIPT
Black Tuesday
The Good Times had lasted a decade
Some People thought
they would never end
But there had been signs
Many people didn’t have a job or sufficient income
Family Farms were failing
But on Wall Street...
Record profits followed record profits
Prices had never been so high
...and brokers thought that it would continue
But it couldn’t last
Stocks had more than tripled since the war
Efforts to stop the crash failed
Thomas Lamont, Albert Wiggins, Robert Whitney
Panic spread into the streets
People lost their life savings, businesses failed, banks closed.
The Looooong Fall
Recovery didn’t begin until 1937
This was the REAL Recovery
Until then....
Bennett Buggies, Coming Soon...
THE END