Social Sciences and History / Unit 2 SSH 0122 short lesson, about 20 seconds
The Crash and Its Spread
Captions available
The idea
Easy credit and speculation set up the fall. The market slid through the summer of nineteen twenty-nine, then panic sold sixteen million shares on Black Tuesday, October twenty-ninth; in a month it lost nearly forty percent.
In practice
Banks foreclosing, autos and construction stalling, layoffs spreading.
Where people slip
Few Americans held stock, yet the crash reached everyone through banks, foreclosures and panic's contagion.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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