Stock Market Crashes
Published on Mar 16, 2016
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PRESENTATION OUTLINE
Does history repeat itself?
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Economically
- The Panic of 1901 and 1907
- Wall Street Crash of 1929
- Great Depression (1929–1939)
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Stock Market Crashes
1920s and 2008
Crash of 1929
- From 1929 - 1932
- 13 Million people became unemployed
- Industrial production fell by nearly 45%
- Home-building dropped by 80%
- Prices of stocks Increased
- 5,000 banks went out of business (1929 - 1932)
- Depression which ended 10 years later
- http://www.history.com/topics/1929-stock-market-crash
Great Depression happened in 1929. It took over 10 years to cure.
Effects of depression:
13 million people became unemployed.
Industrial production fell by nearly 45% between the years 1929 and 1932.
Home-building dropped by 80% between the years 1929 and 1932.
From the years 1929 to 1932, about 5000 banks went out of business.
Effects of depression:
13 million people became unemployed.
Industrial production fell by nearly 45% between the years 1929 and 1932.
Home-building dropped by 80% between the years 1929 and 1932.
From the years 1929 to 1932, about 5000 banks went out of business.
Photo by Son of Groucho
Crash of 2008-09
- The economic crisis caused countries to close their markets temporarily.
- Family Matters
- Wall Street crashed
- Divorce rates increased
- Birth rates dropped
- Higher child malnutrition rate
- Students were able to go to college
On September 16, 2008, failures of massive financial institutions in the United States, due primarily to exposure of securities of packaged subprime loans and credit default swaps issued to insure these loans and their issuers, rapidly devolved into a global crisis resulting in a number of bank failures in Europe and sharp reductions in the value of stocks and commodities worldwide.
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The Federal Reserve
- Founded by U.S Congress in 1913
- Provided banks a safe, flexible and stable currency and financial system.
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President Obama
- Administration took action rapidly
- Resulted the recession of 2008 to only last a year
- http://www.history.com/speeches/obama-signs-recovery-act#obama-signs-recove...
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