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Black Tuesday

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Page 1: Black Tuesday. The Good Times had lasted a decade Some People thought they would never end

Black Tuesday

Page 2: Black Tuesday. The Good Times had lasted a decade Some People thought they would never end

The Good Times had lasted a decade

Some People thought

they would never end

Page 3: 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

Page 4: Black Tuesday. The Good Times had lasted a decade Some People thought they would never end

Family Farms were failing

Page 5: Black Tuesday. The Good Times had lasted a decade Some People thought they would never end

But on Wall Street...

Record profits followed record profits

Page 6: Black Tuesday. The Good Times had lasted a decade Some People thought they would never end

Prices had never been so high

...and brokers thought that it would continue

Page 7: Black Tuesday. The Good Times had lasted a decade Some People thought they would never end

But it couldn’t last

Stocks had more than tripled since the war

Page 8: Black Tuesday. The Good Times had lasted a decade Some People thought they would never end

Efforts to stop the crash failed

Thomas Lamont, Albert Wiggins, Robert Whitney

Page 9: Black Tuesday. The Good Times had lasted a decade Some People thought they would never end

Panic spread into the streets

People lost their life savings, businesses failed, banks closed.

Page 10: Black Tuesday. The Good Times had lasted a decade Some People thought they would never end

The Looooong Fall

Recovery didn’t begin until 1937

Page 11: Black Tuesday. The Good Times had lasted a decade Some People thought they would never end

This was the REAL Recovery

Page 12: Black Tuesday. The Good Times had lasted a decade Some People thought they would never end

Until then....

Bennett Buggies, Coming Soon...

Page 13: Black Tuesday. The Good Times had lasted a decade Some People thought they would never end

THE END


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