"Bankers are like able rascals. Now that we are all wise to 'em, it's been shown that they don't know any more about finances than the rest of us know about our businesses... which has proved to be nothing." -Will Rogers, a powerful commentator on social, political and economic issues during the Great Depression in America.
"Bankers are like able rascals. Now that we are all wise to 'em, it's been shown that they don't know any more about finances than the rest of us know about our businesses... which has proved to be nothing." -Will Rogers, a powerful commentator on social, political and economic issues during the Great Depression in America.
In October 29, 1929, the U.S. stock market crashed in a catastrophic economic disaster. The total losses for the month of October reach $16 billion. It began in the United States, on the New York Stock Exchange, soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. (History.com Staff. "The Great Depression." History.com. A&E Television Networks, 2009. Web. 06 Oct. 2016. <http://www.history.com/topics/great-depression>.) As we all know, Franklin D. Roosevelt was the 32nd President of the United States and the only chief executive to be elected to more than two terms in office during that time. He took a stand against the Great Depression by taking social, economic and political actions. These actions led to the improvement of the unemployment rates. Increased the role of government in people’s lives to unprecedented levels, levels that continued long after America had recovered from the Great Depression.
In October 29, 1929, the U.S. stock market crashed in a catastrophic economic disaster. The total losses for the month of October reach $16 billion. It began in the United States, on the New York Stock Exchange, soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. (History.com Staff. "The Great Depression." History.com. A&E Television Networks, 2009. Web. 06 Oct. 2016. <http://www.history.com/topics/great-depression>.) As we all know, Franklin D. Roosevelt was the 32nd President of the United States and the only chief executive to be elected to more than two terms in office during that time. He took a stand against the Great Depression by taking social, economic and political actions. These actions led to the improvement of the unemployment rates. Increased the role of government in people’s lives to unprecedented levels, levels that continued long after America had recovered from the Great Depression.