Black Tuesday, October 29, 1929:Stock Market Crash

-AGRICULTURAL RECESSION 

• Overproduction lowers prices
• "Farmers have always been poor"
• First sign of the Depression
• President - Republican - wasn't interested in helping the famers

-Buying on the Margin

• Borrowing money to buy stock in the hope that it will go up and you can repay the loan and collect the difference

Stock market Crash - Black Tuesday Oct 29, 1929

• Dow Jones Industrial average collapsed
• Continued selloff took place until 1932 when the DJIA was 89% of its 1929 peak
• People threw themselves out of buildings
• Businesses go bankrupt
• Blanks close
• Depression begins

Summary

On October 29, 1929 the stock market took a massive decline and crashed for the worst. Continued selloff went on until 1932, lowering the DIJA substantially. Because of the crash, businesses and people went bankrupt, causing banks to close and people to kill themselves.