Stock Market Crash of 1929 and the Great Depression

Front

What was the economic condition of the 1920s in America?

Back

The 1920s was a time of economic prosperity with a strong economy after World War I, where Americans had more money and more products to buy, like radios and automobiles.

Front

What was the illusion behind the economic progress of the 1920s?

Back

The economic progress was an illusion as the money was imaginary, based on credit or stock market speculation.

Front

What significant event happened on October 24, 1929?

Back

On October 24, 1929, known as Black Tuesday, the stock market crashed, destroying the American and, also, the world economy.

Front

What was the period following the stock market crash called?

Back

The period following the stock market crash was called the Great Depression.

Front

What were the consequences of the Great Depression?

Back

Millions of people lost all their money and jobs, and some even committed suicide. The 1930s was a terrible time in America.