Black Tuesday and Stock Market Crash 1929

By: Jack , Ginny, and Katherine

STOCK MARKET CRASH 1921

''Any adult who bought stocks in mid-1920s and held onto them, saw most of his or her adult life pass by before getting back to even.'' -Richard M. Salsman

On Thursday, October 24, 1929 the stock market crashed. After the twenties this was one of the worst things that has happened to America. This was the begining of the Great Depresion.

Investors purchased stocks on margin. MARGIN= borrowing of stock for the purpose of getting more levage. For every dollar invested, a margin would borrow $9 worth of stock