barometer of the stock market's health. The stocks were very big and important
to the people. In September 1929, stock prices peaked and then fell
drastically. Confidence of the people dropped, and investors quickly sold their
stocks. On October 24, it got worse and fell even more, more investors unloaded
their shares. On October 29, Black Tuesday arrived. The bottom fell out of the
market and of the nations confidence. The number of shares dumped was a record
16.4 million. Many people were stuck with debts as the prices plummeted. By
mid-November, investors had lost about $30 billion, this was equal to the amount
spent in World War 1. All of this was the beginning of the Great Depression,
the period from 1929 to 1940 where the economy was horrible and unemployment
skyrocketed.
These three presidents had very hard tasks, and that was just being the
president of the United States. That was hard enough for them and then with
these major events occurring it made it even harder. They did their best to run
the country but some of it wasn't entirely their fault. Some of the scandals
were but also some weren't. All three went down in history and its over