Tuesday, January 14, 2014

Black Tuesday

The Wall Street Crash of ______, also known as Black Tuesday or the Stock Market Crash of ______, began in _____________ and was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its fallout.  The crash signaled the beginning of the 10-year Great Depression that affected all Western industrialized countries.
The Roaring ________, the decade that followed __________ and led to the Crash, was a time of wealth and excess. Building on post-war optimism, many rural Americans migrated to the cities in vast numbers throughout the decade with the hopes of finding a more prosperous life in the ever growing expansion of America's industrial sector.  While the American cities prospered, the vast migration from rural areas and continued neglect of the US agriculture industry would create widespread financial despair among American farmers throughout the decade  and would later be blamed as one of the key factors that led to the ____ stock market crash. 
Despite the dangers of speculation, many believed that the stock market would continue to rise indefinitely. On ___________, however, a mini crash occurred after investors started to sell stocks at a rapid pace, exposing the market's shaky foundation.  Two days later, banker ________ announced his company the __________ Bank would provide $_________ in credit to stop the market’s slide.  ________'s move brought a temporary halt to the financial crisis and call money declined from ___ to ____ percent. However, the American economy was now showing ominous signs of trouble. Steel production was declining, construction was sluggish, car sales were down, and consumers were building up high debts because of easy credit.

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