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Wall Street Crash

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Information about Wall Street Crash

Published on April 23, 2008

Author: guest0e466c

Source: slideshare.net

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Stocks and shares. Unrealistic share prices. Prices did not reflect the actual amount the company was worth, meaning the money that the stocks represented wasn’t actually real money, the money just wasn’t there. People ignored the warning signs, the slowing up of building works and other peoples advice, instead they listened to the President who said all was well.

Unrealistic share prices. Prices did not reflect the actual amount the company was worth, meaning the money that the stocks represented wasn’t actually real money, the money just wasn’t there.

People ignored the warning signs, the slowing up of building works and other peoples advice, instead they listened to the President who said all was well.

Belief in ‘endless prosperity.’ As all had been going right for the past 9 years and America’s stock market had reached an all time high in September 1929 nobody thought any thing could go wrong but it did, in October 1929 the Wall street crash happened which was to become the trigger for the great depression. During the 1920s confidence had been high and had been one of the factors that lead to the economic boom. People believed that as things were going so well they would carry on going well – Endless Prosperity.

As all had been going right for the past 9 years and America’s stock market had reached an all time high in September 1929 nobody thought any thing could go wrong but it did, in October 1929 the Wall street crash happened which was to become the trigger for the great depression.

During the 1920s confidence had been high and had been one of the factors that lead to the economic boom. People believed that as things were going so well they would carry on going well – Endless Prosperity.

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