Causes of the Crash in 1929

By Cmeloon
  • 108 motor vehicles companies

  • Period: to

    Miami population increased by 100,000

  • Charles Ponzi arrested for promising people 50% profits in 90 days

  • Period: to

    Warren Harding president

  • Period: to

    5000 banks closed

  • Period: to

    Calvin Coolidge was President

  • Internal revenue service taxing on property speculation

  • Period: to

    Share values of NYSE increased $30 billion

  • T Coleman Du Pont bought land in Florida for people in NE to go to in winter

  • Florida land boom trailed off

  • Federal reserve boards kept interest rates low at 3.5%

  • McFadden Pamper Act

  • Period: to

    People went Wall-Street-Crazy

  • Period: to

    Radio corporations increased by 335

  • 44 motor vehicle companies

  • Per capita income in NE is $921

  • Per capita income in SE is $361

  • Lowest 40% owned 12.5% of economy

  • NYSE handles 61% of stocks/ shares in USA

  • Top 5% owned top 33% of economy

  • 60% of Americans had an income of below $2000

  • Period: to

    Herbert Hoover President

  • Period: to

    Wall street Crashed

  • Daw Jones showed a drop of 28 points in stock

  • Glass Steagal Act