The Stock Market Crash - Unit 3, Comic Assignment
Storyboard Text
- 1921-1929
- I am buying on the margin and have made lots of money
- SO HAVE WE!!! We've made so much money and we didn't have to spend dime!
- Herbert Hoover's Inauguration Address - Washington D.C., March 4, 1929
- ...I have no fears for the future of our country. It is bright with hope. - Herbert Hoover
- oct. 24, 1929IT'S BLACK THURSDAY! THE STOCK MARKET CRASHES 11% AND THE STOCKBROKERS ARE JUMPING OUT THE WINDOWS?
- WE WANT TO SELL! WE WANT TO SELL! SELL! SELL! SELL!
- A FEW MONTHS LATER
- YEAH! THESE COMPANIES ARE NOT WORTH IT!
- The head of National City Bank,
- and the head of Chase National Bank had a meeting to find a way to bring the market back up...
- PLAN TO FIX THE MARKET give a large about of money to Richard Whitney (vice president of the new york stock exchange) so he can buy stocks from companies for over their value
- the head of Morgan Bank,
- STOCK MARKET FIXED? THE MARKET IS CLIMBING ONCE AGAIN!
- But they aren't even worth that much!!!
- I would like to buy a lot of stocks for US Steel. I'm offering $__________! I'm also offering ____ company $____!
- R.W. used the money to invest in stocks and the plan was working...
- oct. 28, 1929 BLACK MONDAY? STOCK MARKET DROPS 13%!
- Just throw them away! They aren't worth anything anymore!
- Have you seen the newspaper? The market is still crashing!
- STOCK MARKET IS STILL CRASHING! SELL WHILE YOU CAN! (though that WILL make it worse...)
- BLACK TUESDAY! PANIC CONTINUES AS STOCK MARKET CRASHES ANOTHER 12% TODAY!
- But the stock market was not fixed and wouldn't be for a while...
- of course I have! Everyone has!
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