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vidya31
So we all know what happened during the wall street crash of 1929 right ? yeah, I DONT ! can somebody please explain to me what happend or better yet, help me work on a script for our performance, we're doing a performace for national history day, and it seems that every information I get from the internet is different from the rest . PLEASE HELP ME ! Im only 13 so yeah(: ha !
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replied to:  vidya31
junasiah123
Replied to:  So we all know what happened during the wall street crash...
But i dont know
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replied to:  vidya31
alitude14a
Replied to:  So we all know what happened during the wall street crash...
If the internet is faulty, try a book.
In the wall street crash, all of the people were selling the stocks that they had, but no one was buying, which led to bankruptcy.
Lets say that you just bought two stocks of sears (you can buy a miniscule part of a company), but since their company isn't doing well, you decide to sell it. Unfortunately, everyone else decides to sell thier stocks in Sears that day, so Sears goes bankrupt.
Imagine a larger scenario where everyone sells all of thier stocks, but the compoany can't pay them back. So all the companys are broke, all the people are broke, because their stocks are worth nothing, and all the banks are bankrupt. Confusing? Yeah.
After the stock market crashed, things went on a downward spiral. Things just didn't have much worth anymore. People had invested all thier money in stocks, hoping to become rich, but when the stock market crashed, the companies couldn't give them thier money back. So for many fathers, they now had no way to support thier families, and many debts.
This was the begining of a long Depression.
Hope this helps!
-An eigth grader
By the way, are you in seventh or eigth grade? This is for a public school performance? I'm homeschooled and a reader.
I hate school, love history. Hope everything goes well with you.
Shalom!
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plano
Replied to:  So we all know what happened during the wall street crash...
Try to get to a Canadian site, for USA history is slanted the history of General Motors acording to AACA will not carry McLaughlin or General Motors of Canada history because it is not relevent to the USA. asis wall street and the great stock market crash.
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