BLACKTUESDAYTHURSDAY

and1929

Present to AJ.PATTIYAMade by Metha Warakarnkij No.5 Latthawut Sawangsuk No.6 Warodom Techasrisutee No.7 Nattagan Annop Na Ayuthaya No.3 Naritsara Khwanyuen No.4 Manita Sriyapai No.6

What caused the Depression ?Black Thursday

( Thursday, October 24, 1929)was the beginning of one of the worst stock market crashes in U.S. history.

The Great Depression

Black Monday (Monday, October 28, 1929)

Black Tuesday(Tuesday, October 29, 1929)the worst day in stock market history.

Black Thursday ( October 24, 1929 )

Black Thursday was the beginning of one of the worst stock market crashes in U.S. history. On October 24th, 1929, the Dow Jones Industrial Average opened at 305.85 It fell 11% during intra-day trading, but closed just 2% down, at 299.47% by the end of the day. That's not even a stock market correction. The Dow Jones Industrial Average also called the Industrial Average is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow.

Black Thursday ( October 24, 1929 )

Nevertheless, Wall Street moguls were alarmed. The stock market had already fallen nearly 20% since its record high close of 381.2 on September 3, 1929. Even worse, trading volume was 12.9 million shares, or three times the normal amount. The next day, the three leading banks (Morgan Bank, Chase National Bank, and National City Bank of New York) bought stocks to restore confidence in the markets. At first, it seemed to work. On Friday, the Dow closed higher, at 301.22. But on Monday, it fell on light trading, to 260.

Black Monday ( October 28, 1929 )

Although the market had closed on an upswing on Black Thursday, the low numbers of the ticker that day had shocked many speculators. Hoping to get out of the stock market before they lost everything (as they thought they had on Thursday morning), they decided to sell. This time, as the stock prices plummeted, no one came in to save it.

Black Tuesday( October 29, 1929 )

October 29, 1929, "Black Tuesday," is known as the worst day in stock market history, the day the stock market crashed . On Monday, it fell on light trading, to 260. This triggered an all-out panic on Black Tuesday, as investors realized that the intervention didn't work. There were so many orders to sell that the ticker quickly fell behind. Panicked sellers traded nearly 16 million shares on the New York Stock Exchange (four times the normal volume at the time. By the end of that day, the Dow had fallen to 230.07, a 11% loss. Black Tuesday is often cited as the beginning of the Great Depression.

Black Tuesday( October 29, 1929 )

People were in a panic ; they couldn't get rid of their stocks fast enough. Since everyone was selling and nearly no one was buying, stock prices collapsed. Panic hit the country. Over 16.4 million shares of stock were sold - a new record. From Black Thursday to Black Tuesday, stocks lost more than $26 billion in value and over 30 million shares traded. After that dismal week, prices continued to fall, wiping out an estimated $30 billion in stock value by mid-November 1929.

The Dramatic Effect Besides the dramatic effect on investor psychology, the events of Black Tuesday contributed to the creation of a variety of new laws, organizations, and programs designed to improve the country's infrastructure, further social welfare, and prevent corporate fraud and abuses. These included the establishment of the Federal Depository Insurance Corporation (FDIC) สถาบนัประกันเงินฝาก and the Glass-Steagall Act of 1933 หา้มธนาคารพาณิชยท์ำาธุรกิจในตลาดทนุท่ีมคีวามเสีย่งสงู and the Securities and Exchange Act of 1934

What Was The Great Depression?

The Great Depression was a global economic crisis that may have been triggered by political decisions (war reparations post-World War I), protectionism (Congressional tariffs on European goods) or by speculation (the Stock Market Collapse of 1929). In the United States, the Great Depression is associated with Black Tuesday, the stock market crash of 29 October 1929

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