This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Black Tuesday
The Good Times had lasted a decade
Some People thought
they would never end
But there had been signs
Many people didn’t have a job or sufficient income
Family Farms were failing
But on Wall Street...
Record profits followed record profits
Prices had never been so high
...and brokers thought that it would continue
But it couldn’t last
Stocks had more than tripled since the war
Efforts to stop the crash failed
Thomas Lamont, Albert Wiggins, Robert Whitney
Panic spread into the streets
People lost their life savings, businesses failed, banks closed.