The Wall Street crash, when stock prices fell dramatically. this led to the Great Depression which lasted many years
The worst stock market crash occurred 1929-1932 when Herbert Hoover was President.Next worst was March 1937-March 1938 under Franklin Roosevelt.The Panic of 1907 was under Theodore RooseveltCrash of 1919-1921 was under Wilson and HardingCrash of 1901 to 1903 was under Theodore RooseveltCrash of 1973-1974 was under Gerald Ford.Crash of 1939-1942 was under Franklin RooseveltCrash of 1916-1917 was under Woodrow WilsonCrash of 2000-2002 was under George W. Bush.
The Wall Street crash of 1929 led to a significant shift in government policy and intervention in the economy. It exposed the vulnerabilities of the financial system and prompted the federal government to take a more active role in regulating the economy. In response to the economic crisis, the government implemented measures such as the establishment of the Securities and Exchange Commission (SEC) to oversee the stock market and the introduction of social safety nets, ultimately paving the way for the New Deal programs under President Franklin D. Roosevelt. This marked a transition towards greater federal involvement in economic and social welfare issues.
The Wall Street crash of 1929 triggered the Great Depression, leading to widespread economic devastation in America. Unemployment soared as businesses failed, banks collapsed, and millions lost their savings. The resulting poverty and hardship prompted significant changes in government policy, including the New Deal programs aimed at economic recovery and social reform. The crash fundamentally altered Americans' views on the economy and the role of government in providing economic stability.
In 2008, in response to the Wall Street crash and the ensuing financial crisis, Congress enacted the Emergency Economic Stabilization Act, which included the Troubled Asset Relief Program (TARP) that allocated $700 billion to purchase distressed assets and stabilize financial institutions. Additionally, the Federal Reserve, under President George W. Bush's administration, implemented emergency measures, including lowering interest rates and providing liquidity to banks. These actions aimed to restore confidence in the financial system and prevent a deeper economic collapse.
what about it
the wall street crash by any chance?
1929
Herbert Hoover was the president when the great crash hit Wall Street in 1929.
october, 1929
October 1929
1929
Thursday, October 24, 1929.
thursday
it's the wall street crash
1929
Within a short amount of time 100,000 companies were forced to shut down due to the wall street crash in 1929.