The Great Depression originated from the stock market crash of 1929 known as Black Thursday, which was triggered by the collapse of the stock market. The crash led to widespread unemployment as companies went bankrupt and cut jobs, starting a cycle where less spending by workers further reduced production and investment, causing more unemployment. Within a few years, wages were cut in half, imports/exports fell by a third, many banks failed, and some people committed suicide due to the dire economic conditions.

3.  Economic crash in the late 1920’s ~ 30’s
 Originated from the Black Thursday
 Triggered by stock market collapse

5.  Also known as the Great Crash or Wall Street
Crash of 1929
 The worst stock market crash in the United
State’s history
 The start of the whole Great Depression

7.  After the WWI companies bought stocks
 Economic bubble was created
 On October 24th, 1929, the Bubble burst at once
 Prices of the stocks dropped suddenly and
excessively
 Dow dropped to 64

9.  Companies were broke
 Workers lost their job
 Supply and Demand:
 Workers lose their job → People spend less
money → Economic depression → Decrease of
investment → Increase of unemployment

11.  Within 2 years, wages were reduced by half
 Import and export was reduced by 1/3
 Factories stopped operating
 Many banks perished

13.  Instead of playing stock, they saved money in
banks
 As the banks fall, all the savings were gone
 Many people committed suicide for multiple
reasons
 “Jumping out of windows”

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