Understanding the Wall Street Crash and the Great Depression
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This worksheet explores the causes and effects of the Wall Street Crash of 1929, helping students develop their reading comprehension and analytical skills.
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Understanding the Wall Street Crash and the Great Depression
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Introduction to the Wall Street Crash
The Wall Street Crash of 1929, also known as Black Tuesday, was a major stock market collapse that signaled the beginning of the Great Depression. Leading up to the crash, the stock market had experienced rapid growth, with many investors buying shares on credit. On October 24, 1929, known as Black Thursday, stock prices started to fall sharply. This panic continued into Black Tuesday, October 29, when the market plummeted, wiping out millions of dollars in wealth.
The crash had immediate effects, including a loss of confidence in the economy, falling prices, and mass unemployment. It also triggered a global economic downturn, affecting countries worldwide.
Economists and historians have debated the causes of the crash, including over-speculation, uneven wealth distribution, and economic weaknesses in the US economy of the time.
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- Created
- 1/1/2026
- Updated
- 1/1/2026
- Type
- worksheet