In 1935, America was in the midst of the Great Depression (August 1929 to March 1939), “the deepest and longest-lasting economic downturn in the history of the Western industrialized world up to that time.” The economy grew by 8.9%, unemployment fell to 20.1%, prices rose 3.0%, and t...
On October 29, “Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. In the aftermath of Black Tuesday, America and the rest of the industrialized world spi...