[Mariasu]

what was the impact of the wall street crash on all american citizens?

[Mrs Faithorn]

You will find the basic answer to your question on this page and this Interactive diagram on the Impact of the Wall Street Crash is good. It is intended for revsion if but if you click on the 'Show Hints' button the blank rectangles get filled in and you can print the completed diagram off by clicking on the 'Print Diagram' button.

[juliana]

which points do your consider when answering such a question to attain the highest marks?

[Mrs Faithorn]

A good answer to a question such as this will be able to show that not all American citizens were equally affected by the Wall St Crash. Such an answer would differentiate between different occupational groups and social classes and would also be able to show that people living in different parts of the USA were not equally affected. A really good answer would also be able to show that there were 'winners' as well as 'losers' as a result of the Crash.

In general terms a good answer will be well planned and follow a logical structure. It will be written in good English with correct spelling, punctuation and grammar. The points being made will be well supported by the evidence rather than being a series of generalised statements and the answer will be analytical rather than descriptive.

I hope that helps.

[emi]

hey, i'm relatively new to this forum (as in i joined a while back but this is one of my first posts) and i was wondering if you could help me...
we've started the wall street crash in history and i'm fiding it quite hard to get my head round. what i get so far (in brief) is:

-this market was particualarly high and those who knew the market well began to sell of their shares and not buy more, fearing it would drop soon
-soon after many small time share holders followed suit
-this made the price of shares decrease, because there was less demand
-people now start to panic and sell quickly- they can't afford to loose money because most will have bought "on the margin" (ie taken out a loan for the majority of the share prices)
-shares become practically worthless because no-one wants them
-the banks try to restore the market by buy shares for more than they are worth, hoping this will give people confidence but this doesn't work
-therefore thousands of people are poor and they still have loans to pay back, businesses and banks collapse.

phew! it helps to right it out...have i missed something or is any of that wrong?


the causes of the crash.... we started this in class but hteres a few i don't understand...

overproduction-how was this related to the crash?
the bankers trying to stop, but giving up- where did they get the money from to buy the shares, and why did they feel they should do it?

we've been asked to put 6 main causes in order of importance for the wall street crash and i'm having trouble- what sort of things should help me to do this task?

and lastly (well probably not as i'll probably remember something else i don't understand soon lol!) could the crash have been stopped? and how? if everyone had just bought and sold in the usual fashion, would things have continued to go up or would it have crashed any way?

sorry for all the questions/blabbing!

from emi

[Mrs Faithorn]

emi, on Jan 11 2005, 07:35 PM, said:

hey, i'm relatively new to this forum (as in i joined a while back but this is one of my first posts) and i was wondering if you could help me...
we've started the wall street crash in history and i'm fiding it quite hard to get my head round. what i get so far (in brief) is:

-this market was particualarly high and those who knew the market well began to sell of their shares and not buy more, fearing it would drop soon
-soon after many small time share holders followed suit
-this made the price of shares decrease, because there was less demand
-people now start to panic and sell quickly- they can't afford to loose money because most will have bought "on the margin" (ie taken out a loan for the majority of the share prices)
-shares become practically worthless because no-one wants them
-the banks try to restore the market by buy shares for more than they are worth, hoping this will give people confidence but this doesn't work
-therefore thousands of people are poor and they still have loans to pay back, businesses and banks collapse.

phew! it helps to right it out...have i missed something or is any of that wrong?

Yes. Sounds to me as if you have a pretty good understanding of the sequence of events here, emi. There's nothing wrong and you've missed nothing out - except perhaps when these events occurred. (and there are a couple of typos too )

Quote

the causes of the crash.... we started this in class but hteres a few i don't understand...

overproduction-how was this related to the crash?

Overproduction of goods contributed to the Crash because in making more goods than could be sold/people were prepared to buy (=overproduction) businesses' profits began to fall and that contributed to the feeling that the economic boom of the later 1920s was coming to an end. This lack of confidence in the future is what caused the large shareholders to decide to sell shares whilst they could still get a good price for them (something which then 'snowballed' - as you show in what you have written above)

Quote

the bankers trying to stop, but giving up- where did they get the money from to buy the shares, and why did they feel they should do it?

The bankers who tried to stop share prices falling even further by buying up shares got the money to do so from the money that people had previously deposited in their accounts with these banks. What they were using was other people's money - not their own.

They felt that they ought to do this because (if they had been successful) they would have saved the American economy from collapse - and with it the livelihood of both themselves, American businessmen and all the ordinary people whose lives were shattered subsequently by the consequences of the crash.

They were partly doing it to 'save their own necks' and partly out of a general concern for everyine else.

Quote

we've been asked to put 6 main causes in order of importance for the wall street crash and I'm having trouble- what sort of things should help me to do this task?

Assuming you have the causes sorted out (?) then it may help you to decide on the order of importance if you think about the cause you consider to be the one without which the Crash would not have happened ... and then 'work down' from there. Writing the causes on separate bits of paper and then arranging them in order may help you to figure things out ('cos you can shuffle them around whilst you think things out). Try to decide between the long-term, short-term and immediate causes.

Do be aware that there is no one right answer to this task - but that you do need to be able to think things through logically and explain your reasoning.

Quote

and lastly (well probably not as i'll probably remember something else i don't understand soon lol!) could the crash have been stopped? and how? if everyone had just bought and sold in the usual fashion, would things have continued to go up or would it have crashed any way?

Tricky question!
The strength of the American economy not only depended on what happened in the USA but also on what happened in other parts of the world - and especially on world trade and there were signs that world trade was in difficulties by 1928 ...... so I think there would have been economic difficulties for some American businessmen anyway. However, the actual crash could probably have been avoided if:
* shares had not been sold 'on the margin'
* Americans had not been able to get credit to buy other goods on Hire Purchase so easily
* If the American government had not put high taxes (import duties) on goods from other countries

Those three things would have meant that the American economy would not have expanded so fast in the 1920s and that therefore the growth would have been more 'stable'.

Quote

sorry for all the questions/blabbing!

That's OK. It's not an easy topic. I hope my explanations have helped to clear things up?

[emi]

thank you so much i now understand things really well- especially overproduction.
As for when the events occurred- i know general dates but i do need to learn them a bit better.
and thank you for the suggestion on how to put 6 main causes in order of importance - i'm off to do that now and i have a good idea of how i'm going to do things
thanks again
emi

[the blonde one!]

Hiya, i did this for History: here are some sites that i used!

http://www.bbc.co.uk/history/timelines/eng...eet_crash.shtml

http://www.spartacus...uk/GERpapen.htm

http://www.spartacus...Rschleicher.htm[COLOR=red] These ones i used for the main people in the Wall Street Crash!

[FONT=Arial]

This website i thought was very useful:

http://www.weyrich.c...hstag_fire.html

Hoped i Helped!!!

[juan]

i need help with the wall street crash consequences in the countryside, in the cities and in the international part.

thank you for your help

juan

[Mr Field]

To find out about the consequences of the Wall Street Crash try having a look at some of these webpages. All I did was do a quick search for "consequences of the Wall Street Crash"

http://news.bbc.co.u...ess/3977969.stm

To find out more about the Wall Street Crash you can view an online presentation about it at:
http://www.schoolhistory.co.uk/gcselinks/p...ns/wall_street/

Press the 'Play' button to move the presentation along - and you can always press F11 to make your screen bigger!

or you can download the PowerPoint from:
http://www.schoolhistory.co.uk/gcselinks/i.../wallstreet.ppt

Perhaps you could have a look through these and then post again if you need more assistance.

[horseychar123]

Hi Juan,

You could also try these websites to help you:

http://www.bbc.co.uk/schools/gcsebitesize/...ssionrev1.shtml

or:

http://216.239.59.104/search?q=cache:Vg35J...n%20countryside

Or you could do what I did and type Wall street crash or Wall street crash consequences in the countryside into www.google.co.uk

Hope this helps,
horseychar123

[Emma544]

does anyone know what the wall street crash is???

[Mrs Faithorn]

The Wall Street Crash was when the American stock market collapsed in October 1929. This means that stocks and shares in American businesses became worthless overnight ... and so a lot of people lost a great deal of money.

If you need to know more than just that basic answer then see this link.
http://www.historyle...treet_crash.htm

... and if you need more help than that then do post again.

[GreenDayRock]

Can somebody ANYBODY explain to me what the wall street crash is and how did it happen? I know its something to do with stock exchange in america or something!! HELP

[Mrs Faithorn]

I think the simplest way of helping you is to give you some links.

See here:
http://www.historylearningsite.co.uk/Ameri..._1920's.htm ..... this page gives you the background to the Crash and helps you to understand why it happened.

http://www.schoolhistory.co.uk/lessons/usa...rashcauses.html .... this interactive diagram gives you a summary of the causes of the Crash. Click on the Show Hints button to see the diagram filled in. Then you can print it off.

http://www.historyle...treet_crash.htm ..... and this one tells you about the consequences of the Crash.

http://www.schoolhistory.co.uk/gcselinks/i...orksheets.shtml ..... from this page you can download two PowerPoint presentations (Wall Street and Boom and Bust) dealing with your topic.

I hope this helps, but if you have any specific questions then do ask. However, we don't "do your work for you" here.