Stock Market Crash
1929 Stock Market Crash
Black Tuesday Strikes
The day of the crash is known as Black Tuesday is a day that will be remembered in infamy. That day the U.S economy and industry spiraled out of control downwards. Farmers and other regular people had taken out loans they knew could not payback so this created great poverty among all Americans.
Run on The Banks
As the stock market crashed people made runs on the banks but the banks didnt have the money to give to the people because of all the loans they gave out. So the people werent paying back the loans because their was no money to pay the banks with.
The American economy finally started its climb back up after World War2 had began in 1939. Idustry grew as production of weapons and milatary equipments. The Market crash slowy began to fade away after this revitalizing event for the economy