Monday, May 23, 2011
Day 6; May 23,2011 THE CRASH;
THE CRASH!!!:
People thought that the good times would last forever but when October 24th, 1929 the stock market fell horribly. By the Closing of that day 13 million shares had been traded. On October 29th they renamed in black Tuesday because the stocks fell 14 billion dollars. It was the most horrible crash in the stock market. It could have been a factor that started the great depression.
Run on the Banks!!!:
4,000 banks failed because people fought to reach teller windows to take their savings out before all of the money was gone. The following professions have lost their cash, banker, broker, salesman, and radio announcer.
Life would be different without these things becuase the stocks would be way different and the great depression probably wouldn't have been as bad.
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