Stock Market Crash
by Casey Litton and Alex Johnson
The Rise and Fall of the Stock Market
A graph of the stock market carsh.
Desperate for money
A guy sells his car for 100 dollars because he lost all his money in the stock market.
A line is out the door at a cafe that is giving out free drinks because most people do not have money.
Stock Market Decline
Economic Depresion and Bank Failure
During the 1930’s an estimated 9,000 banks closed. Because of the banks closing everyone lost all of their money. People were left in extreme poverty.FDR established the FDIC which made sure that when a bank closed that people got some money back. The economy was unbalanced because they didn’t distribute the income. 10% of the population had 40% of the income. The crash left the whole nation in an international depression. People were fired from jobs, businesses shut down, and people were living on the streets. Nobody had the money to pay anybody or to run a business. People were selling things for cheap on the streets and were begging for jobs. Women made up 25% of the work force. Women were fired first because men were the superior gender then.