Cassidy Cornwell Cornwell 1
Modern History
Mrs. Pearce
April 1, 2024
Black Tuesday and the Wall Street Crash
A. Great Depression
a. The Great Depression lasted approximately 10 years
b. The United States was doing well for a short period under President Herbert
Hoover’s (the do-nothing president) leadership
c. Six months following Herbert Hoovers inauguration happened January 1929
d. share prices on the New York Stock Exchange were under a “bull market” and
peaked in August 1929.
B. Wall Street Crash
a. On October 24, 1929, stock prices fell rapidly which is called the Wall Street
Crash
b. thousands of people were financially ruined
c. Wall Street was given billions of dollars that were drawn from the banks
d. This was caused by people wanting to invest in the stock market to make money
faster
e. All this mony was used for loans to carry margin accounts
f. Everyone started to panic when stock market prices dropped
g. When people started to sell their shares of stock prices dropped even lower
basically making them worthless
h. After the wall street crash, banks and businesses failed and most of the people lost
their jobs and homes
C. Dust Bowl
a. farmers all over the United States were affected by the Dust Bowl
b. Weather made the situation worse because some areas experienced winds that
blew away dusty soil making it impossible to grow crops
c. many farmers left their farms to look for work in California and the west coast of
the country
D. Herbert Hoover
a. Hobert Hover was born August 10, 1874, West Branch, Iowa
b. He was educated at Stanford University and Graduated 1895
c. Before he was president, he was an engineer
d. He was a Quaker and part of the Society of Friends and Republican
e. He married Lou Henry February 10, 1899
f. His son was Alan Henry Hoover, was born 1907
g. his Vice President was Charles Curtis
h. Died October 20, 1964, in New York City
i. Buried West Branch Iowa
E. Franklin Delano Roosevelt
a. also known as FDR
b. Born January 30, 1882, at Hyde Park New York
c. He went to Havard College he graduated 1903, also went to Columbia Law
School
d. He was a public official, and lawyer
e. He was an Episcopalian
f. Married Anna Eleanor Roosevelt, on March 17, 1905
g. He had 4 kids James Roosevelt, Elliott Roosevelt, Franklin Delano Roosevelt,
John Aspinwall Roosevelt.
Works Cited
Britannica, The Editors of Encyclopaedia. "Stock market crash of 1929". Encyclopedia
Britannica, 4 Dec. 2023, https://www.britannica.com/event/stock-market-crash-of-1929.
Accessed 7 February 2024.
“Wall Street” Grolier Encyclopedia of Knowledge. Vol 19. Grolier Incorporated, 1991, p. 246.
“Stock” Grolier Encyclopedia of Knowledge. Vol 17. Grolier Incorporated, 1991, p. 375.
“Wall Street Crash” The Usborne Encyclopeda of world History. Usborne publishing
Ltd, 2000, p. 366
“Rosevelt, Franklin Delano” Grolier Encyclopedia of Knowledge. Vol 16. Grolier Incorporated,
1991, p.166-168 .
“Hovver Herbert” Grolier Encyclopedia of Knowledge. Vol 9. Grolier Incorporated, 1991,
p.294-295 .
