The Stock market crashed, 1929
By, Brandon Winkle
The start of a depression
this chart shows how brutal this depression effected workers and how many jobs were lost
People were majorly upset with this depression. Many were jobless and people have gotten so angry that outbreaks like riots occurred.
Many news articles were published to the public to try and make a change.
Causes of the crash
Overproduction of industry
Introduction of credit
Many people would go into major debt that they wouldn't even be able to pay off at all in their life. Also banks would close since they wouldn't be making any money since people couldn't pay it off. The Federal Reserve tried to make the situation better by lowering interest rates, but in the end it was worse. People would spend even more and not be able to pay it back. So credit cause a major ripple effect that caused this huge crash.
Facts about the crash
Quotes from the people during the crash
- Federal relief administrator Harry Hopkins, 1933
- Louisiana Senator Huey P. Long, 1934