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History

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History

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  • The 1929 stock market crash, culminating in Black Tuesday on October 29, saw the U.S. stock market lose over 25% of its value in four days, ending the "Roaring Twenties." Driven by overvaluation, speculation, and margin buying, this collapse triggered widespread panic selling, wiping out fortunes and ushering in the Great Depression
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  • The Dust Bowl (1930s) was a massive ecological and economic disaster in the Great Plains, where severe drought and poor farming practices caused massive dust storms, "black blizzards," devastating agriculture during the Great Depression. It forced nearly 300,000 to 440,000 people to abandon farms and migrate west, mostly to California.
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  • FDR’s New Deal was a series of federal programs, public work projects, and financial reforms enacted by President Franklin D. Roosevelt in the 1930s to combat the Great Depression. Focused on the "3 Rs"—Relief for the unemployed, Recovery for the economy, and Reform of the financial system—it fundamentally expanded the U.S. government's role in the economy
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