The Great Depression
1929-1940
October 1929
The "Crash" begins October 24th (Black Thursday). This placed millions of Americans out of work. Masses of people tried to sell their stock, but no one was buying. An estimated $30 billion in stock values will "disappear" by Mid-November. Since banks also invested a large portion of their clients' saving in the stock market, these banks were forced to close when the Stock Market crashed. People were afraid to lose their money. Many people rushed to banks to withdraw their money, which also made banks shut down. The people who didn't reach the bank became bankrupt. Businesses had to lay off workers. Other businesses had to shut down.
Rode The Rails
May 1934: The Dust Bowl
Herbert Hoover
November 1940
Works Cited
"American Experience: TV's Most-watched History Series." PBS. PBS, n.d. Web. 12 Apr. 2013.
"Causes of the Great Depression." Causes of the Great Depression. N.p., n.d. Web. 11 Apr. 2013.
Rosenburg, Jennifer. "The Great Depression." About.com 20th Century History. N.p., n.d. Web. 11 Apr. 2013.