1914-->1918
WWI: this led to a harsh and sudden decline in the world stock prices.
1919--> 1928
Known as the "Roaring Twenties."
-Soldiers came home for war in Europe (excitement in the air!)
-the stock market kept rising
-people were spending money
1924
the stock market rises (significantly)
1925
the top tax rate is lowered to 25 percent
1928
the average price of stocks rises 40 percent
1929
Herbert Hoover becomes president
1929: October 24th
This is called "Black Thursday." The stock market crashed over a period of just 5 days! This was the first sign of trouble
1929: October 29th
This is called "Black Tuesday." This is when the stock market actually collapsed and the true economic crisis occurs. Stock prices dropped tremendously and most people were selling there stocks. Losses for the month of October totaled to near 16 billion dollars.
"The Stock Market Crash of 1929 and the Great Depression." Timetoast. N.p., n.d. Web. 29 Sept. 2014.
"Timeline of the Great Depression." Timeline of the Great Depression. N.p., n.d. Web. 29 Sept. 2014.
WWI: this led to a harsh and sudden decline in the world stock prices.
1919--> 1928
Known as the "Roaring Twenties."
-Soldiers came home for war in Europe (excitement in the air!)
-the stock market kept rising
-people were spending money
1924
the stock market rises (significantly)
1925
the top tax rate is lowered to 25 percent
1928
the average price of stocks rises 40 percent
1929
Herbert Hoover becomes president
1929: October 24th
This is called "Black Thursday." The stock market crashed over a period of just 5 days! This was the first sign of trouble
1929: October 29th
This is called "Black Tuesday." This is when the stock market actually collapsed and the true economic crisis occurs. Stock prices dropped tremendously and most people were selling there stocks. Losses for the month of October totaled to near 16 billion dollars.
"The Stock Market Crash of 1929 and the Great Depression." Timetoast. N.p., n.d. Web. 29 Sept. 2014.
"Timeline of the Great Depression." Timeline of the Great Depression. N.p., n.d. Web. 29 Sept. 2014.