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Coverage Events : Great Depression

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Showing results 11 – 20 of 26

Glossary Term – Event

Wall Street Crash of 1929

Five days after the October 24 crisis, on Black Tuesday—October 29, 1929—the stock market experienced the greatest crash in its history. As soon as the stock exchange's gong sounded, a mad rush to sell began. Trading volume soared to an unprecedented 16,410,030 shares and the average price of a share fell 12 percent. This dive came with the convergence of economic problems of production, income, and credit. The crash destroyed the fortunes of brokers and speculators and set off a long period of economic panic. It also marked the beginning...

Glossary Term – Event

Hoover’s statement on the economy

President Herbert Hoover issued a statement saying that “Any lack of confidence in the economic future or the basic strength of business in the United States is foolish.”

Glossary Term – Event

Bank Holiday

President Franklin D. Roosevelt ordered a shut down of the nation’s banks for several days beginning March 6. Banks started re-opening on March 13.

Glossary Term – Person

Dorothea Lange

Street scene, Lower East Side, c. 1935-37. (Photograph by Arnold Eagle, Collecti

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Hard Times: The Great Depression in New York's Lower East Side

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Americans everywhere felt the terrible effects of the Great Depression, but in the cities, millions of people living in close quarters were thrown out of work and into even deeper poverty than they had known before the economy's collapse. These photographs, which appear in this issue of History Now courtesy of the Lower East Side Tenement...