The great depression
Storyboard Text
- Black Tuesday... Before the depression
- Omg!! All my stocks are dropping!!! I NEED to sell them quickly
- It will be alright!! Just sell all of your stocks
- Margin..the offer
- Im investing in a stock, I have half of the money now and Im going to take a loan for the other half
- banker #1
- hello how may I help you today?
- Bull Market...the next step
- My stocks have been rising for months now!! I should sell them helen!
- Yes!! sell them while the price is high! We need the money!
- Description of event: This is when the stock market crashed due to everyone panicking and selling their stocks. This lead to a lot of inflationa and in reality the industry lost like $30 billion dollars.
- Margin call...the downfall
- Im so sorry!! I spent all my money I made from my stocks... I needed to pay off my rent otheriwse I would be homeles
- I lost my Job and my house!!! How will I find a new one now!
- Description of event above: The person is buying a stock and is only paying a fraction of the stock with their own money and is barrowing the rest of the money.
- The Great Depression Effect
- My poor house!! Its gone for good! I have no where to live now :(
- Description of event: There was a long period of stock market rising their prices and the people above decided to sell them for a good price.
- The Dust bowl...what happened to the farmers
- Amy get inside!! There is a huge cloud of dust heading straight for us!!!!
- You owe me money!! I gave you money for a loan to pay stocks an now I expect the money back.
- Description of event: The broker above is demanding back loans that investors have made from stocks based on a margin purpose.
- Description of event: The jobless went hungry, People who could not pay rent or their morgadges lost their homes. Newley homeless people put up shacks on unsused or public lands. They were known to wander and look for new homes, this is how they got the nickname of ¨Hoboes
- I have lost my money!! Maybe I can give farming a try...
- Description of event: Farmers were already in trouble, but then they were faced with a new disaster. The dust bowl. This basically was a giant cloud storm of dust that was inches thick. Winds blew the dust everywhere for hundreds of miles. The dust burried the crops and livestock and even killed some by suffication. (this is the same guy btw)
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