The Wall Street Crash




Explaining History show

Summary: This podcast examines the long term causes of the crash throughout the 1920s. A quick summary ideal for students. The Wall Street Crash: Key things to remember 1) The 1920s are not all they appear, there is poverty in a time of plenty 2)Mass production carried with it problems of over production and under consumption 3)Farming was in crisis after World War One 4)The get rich quick attitude was powerful and prevalent in America and led to a naive optimism in the stock market as a means to easy and endless wealth The crisis becomes a depression because of the wrong kind of economic medicine administered by Hoover and his Treasury Secretary Andrew Mellon