Before the crash
What did people do to earn money?
Invest in stocks and shares.
Give the 2 names of the days in which the markets crashed horrendously.
Black Thursday, Terrifying Tuesday.
True or False:
In the early years of the Great Depression, thousands of banks failed, and over 100,000 businesses went bankrupt.
True
Who won the presidential election and what party did he belong to?
What does it mean to 'play the market'?
Buy and sell stocks frequently in hopes of making quick profits from changes in their prices.
What started the crash?
People doubting the market and starting to sell their stocks.
Give 1 reason why farmers were in crisis.
Low demand, falling prices, no export to overseas market.
In what year did Roosevelt become president?
1932
What is a 'certificate'?
A document that proves you own a certain amount of shares in a company.
Explain how unequal wealth contributed to the crash.
Not that many people were able to buy industrial goods anymore so companies were failing.
Link the European crisis to last lesson (tip: WW1)
American banks demanded repayments from the loans during WW1.
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