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Period: to
Roaring Twenties
Rise in the automobile industry
increase in commerce due to people having more money and credit
Many invest in the stock market -
Period: to
Stock Market Crash of 1929
The Dow Jones Industrial Average lost 90% of its value.
During the Roaring Twenties, Americans invested money (on credit) in the stock market, As the market crashed, Americans tried to sell stocks that nobody wanted and the people lost all their money. -
Hawley-Smoot Tariff Act signed
Raised U.S. tariffs on over 20,000 imported goods to record levels. Caused >60% decrease in US imports and exports, worsening the depression in the US. -
25% unemployment rate