The Stock Market Crash of 1929
In The Stock Market Crash of 1929, learn about one of the most shocking financial disasters in history, which unfolded on the floor of the New York Stock Exchange. At the Museum of Financial History, you can see a replica of the ticker tape machine that delivered the news — and the actual ticker tape from that fateful day. People watched in fear as their hard-earned money vanished, and the panic that followed changed the economy forever. This video is excerpted from BBC’s Road to Riches, which explores the history of money, wealth, and economic power.
Lesson Express
Q: How did the stock market crash of 1929 make people feel, and why was it such a scary event for them?
A: People lost everything they had worked for in just one day, which made them feel hopeless and afraid. Many had put all their money into the stock market, thinking it would keep going up, so when it crashed, they didn’t know what to do or how they would survive.
Q: Why was the ticker tape important during the crash, and how do you think today’s technology would change how people react to a financial crisis?
A: The ticker tape was how people got updates on stock prices, so when the crash happened, it quickly spread the bad news. Today, with smartphones and social media, people would know instantly, which could make things even more chaotic but might also help them react faster.
Q: Why do you think the Museum of Financial History keeps a copy of the ticker tape from the crash, and what lessons can we learn from past financial disasters?
A: The museum keeps it to remind people how dangerous risky investing can be. By learning about past financial crashes, we can avoid making the same mistakes and be smarter about how we handle money.
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