Roaring Twenties | The Great Crash | 4
American History Tellers
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The Market Will Bounce Back, Will It?
On October 20, 19 29, a catastrophic stock market crash unleashed hysteria on wall street. Panicky investors ordered their brokers to sell some 16 million shares of stock. Pandemonium spread from wall street throughout the country. By december, stocks had lost more than 30 billion dollars in value,. More than the entire amount the country spent fighting world war won. The nation was plunged into economic misery by farm foreclosures and bread lines. But not even the great depression could undo all the changes that had transformed the country. And president hoover refused to give the american people direct relief many thought they needed.
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