Herbert Hoover was the 31st US President who served in office from Mato March 4, 1933. Who was the President in the 1929 Wall Street Crash? Between $10-$15 billion was lost in just one day due to the plummeting share prices and the 1929 Wall Street Crash.
The stock market went into free fall and on Tuesday, Octo(nicknamed Black Tuesday) stock prices completely collapsed. Panic started, smaller investors, worried about paying off their loans, began to sell and stock prices fell even further. Stockbrokers began to make large-scale margin calls, demanding that investors repaid their loans all at once.
The economy began to contract and professional investors started selling their stocks and share prices began to slowly fall. The prolonged period of of rising stock prices was called the Long Bull Market during which time stock brokers encouraged speculation with the practice of buying stocks "on margin" (buying stocks with loaned money). The economic boom in the 1920s led to high consumerism, easy credit schemes and increased debt. The 1929 Wall Street Crash was fueled by the prosperity and massive economic boom enjoyed in the Roaring Twenties. Summary and Definition: The Wall Street stock market crashed in October 1929.
You can find a full set of discussion cards in the Last Stop on Market Street Literacy Bundle or as a separate pack.Definition and Summary of the 1929 Wall Street Crash for kids What do we learn about the different settings from the illustrations?.Infer why nana and CJ volunteer at the soup kitchen every week.How did CJ’s attitude change from the first thing he said to the last thing he said?.How can you show more gratitude and optimism, like nana?.Why do you think nana volunteers? What does she gain (if anything)?.Is it fair that CJ doesn’t have a music device when the two boys do?.Is it fair that CJ and nana don’t have a car when other people do?.What is the difference between wanting something and needing something?.Describe the difference between CJ wanting a music player and the people needing food at the food shelter?.How do you know this book is set in a city/urban setting? How is the setting different or the same as where you live?.How do CJ and nana look at life differently?.How does Matt de la Peña show nana is a positive person?.How and why does CJ’s mood change throughout the book?.Who is telling the story? How do you know?.You can also introduce different genres, authors and illustrators.
You can model reading habits and strategies, reading fluency, tone and eye contact. Read aloud sessions are a wonderful way for children to understand the connection between written text and spoken language. “When he spotted their familiar faces in the window, he said, ‘I’m glad we came.’” CJ takes his new positive attitude into the shelter where he volunteers with his nana. He gives up his seat to a blind man, watches butterflies in a jar held by a woman, sees a tattooed man on his mobile phone and asks a musician to play his guitar.Īs the bus reaches the last stop on Market Street, CJ notices the rundown features of the neighbourhood, but now sees it more optimistically. “Sometimes when you’re surrounded by dirt, CJ, you’re a better witness for what’s beautiful”.ĬJ takes her perspective on board and looks at his surroundings and fellow passengers with a new outlook.
His nana’s straightforward and positive responses help CJ see and appreciate what he has and what he can give. Nana responds optimistically and honestly to each of his questions. He wonders aloud why he doesn’t have the things his friends do, like a car and a clean neighbourhood. This Sunday, CJ is grumpy and has many questions for his nana. Every Sunday, CJ and his nana ride the bus after church.