Stock Market Crash

The stock market crash began in October and is know as the longest economic period in American history. The stock market crash was the end of world war one. It was a time period when inventions such as the airplane and radio made anything seem possible. A time when in the 19th century morals were set aside and flappers became the model of the new woman. Also it was a time when time when Prohibition renewed confidence in the productivity of the common man. When Roosevelt took office on March 4, 1933, most banks were closed, farms were suffering, 13 million workers were unemployed and industrial production stood at just over half its 1929 level. It is in such times of optimism people take their savings out from under their mattresses and out of banks and invest it. In the 1920s, many invested in the stock market.



During the Great Depression thousands of unemployed residents who could not pay their rent or mortgages were evicted into the world of public assistance and bread lines. Unable to find work and seeing that each job they applied for had hundreds of seekers, these men wandered aimlessly without funds, begging, picking over refuse in city dumps, and finally getting up the courage to stand and be seen publicly – in a bread line for free food. To accommodate them, charities, missions, and churches began programs to feed them. Men who experienced the waiting in line recall the personal shame of asking for a handout, unable to care for oneself or to provide for others.