1. Herbert Hoover and the Great Depression
All was well in the United States, and the stock market grew continuously. ... Bankers and investors tried to salvage the situation by buying bulks of stock, but the panic of the people had already set in, and that following Tuesday, October 29, known as Black Tuesday, an incredible 16.4 million shares were traded, and the prices on the market fell completely. ... This dream, however, would be shattered along with the crash of the stock market. ... Investors began to lose confidence in their banks, and many demanded cash deposits, causing banks to liquidate loans in order to come up with this ...
- Word Count: 964
- Approx Pages: 4
- Has Bibliography