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Topic: History
Number of pages / Number of words: 11 / 2930
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In October 1929, the stock market crashed, wiping out the values of common stock by 40 percent. By 1933 the value of stock on the New York Stock Exchange was less than a fifth of what it had been at its peak in 1929 (Sternsher). Businesses closed their doors, production at factories shut down and banks failed...

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Businesses closed their doors, production at factories shut down and banks failed. Farm income fell approximately 50 percent (Jackson). President Herbert Hoover assured the people that the economy would fix itself and prosperity would return if left alone, but it did not. He offered some relief, but the people cried for more...

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