The Crash On Wall Street
Stock Market Crash
On October 29, 1929, Black Tuesday hit Wall Street as investors traded around 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost and thousands of investors were wiped out. Stock tickers ran hours behind because the machinery could not handle the enormous volume of trading.
Crowd at New York's American Union Bank during a bank run.
Soup, Coffee, and Doughnuts For The Unemployed
Unemployed men wait outside a New York soup kitchen.
Soup kitchen run by churches or private charities.
This cartoon is showing that there was a very large number of people without food and a very large number of people who wanted to withdraw their deposits from the bank. This illustration puts an emphasis on how bad the economy was doing, and how many people were affected.
Panic On Wall Street
People who had their life savings invested in stocks were devastated, to say the least, when news of the stock market crash was released. Some people even went as far as suicide, many jumping out of windows, because they believed it was the only way out of these catastrophic turn of events.
This cartoon is basically a slam on President Hoover. Many people blamed Hoover for the economic troubles the United States experienced during his presidency. This illustration could be interpreted as Hoover couldn't handle the burden of managing the country, so he passed all of the trouble he had caused on to his successor, President Roosevelt.
This poster shows an angry baby on strike. The baby is angry because he does not have any food. During the Great Depression, most parents weren't able to afford a lot of food, so many babies died because of insufficient nutrients.
This sign is a political campaign for Hoover's presidency. This campaign slogan actually ended up being quite ironic, considering the sign says if you vote for Hoover your board will never lack a loaf. Most people during his presidency were greatly lacking in food and money, and many people were even starving.