-
The Great Depression
-Longest lasting economical downturn in history
-Began soon after stock market crash
- 1 January 1933 American unemployment
By this time close to 15 million Americans were
unemployed and half of the country's banks
failed.
- Economic downturn would not end until WW2 -
The Great Depression
-Stock Market Crash
-Everyone sold their stocks and no one bought
-12.9 million shares were traded away (Black Thursday)
-another 16 million shares are traded away (Black Tuesday)
because of this panic swept wall street -
Franklin D. Roosevelt
Franklin D. Roosevelt won an overwhelming victory against President Hoovert
-Everyone hated Hoovert