WW1 Started: lead to sudden decline in world stock prices.
Roaring 20's start.
-Soldiers came home from WW1
-Stock Market kept rising
Stock market rises significantly.
Top tax rate is lowered 25%
Top tax rate rises 40%
Herbert Hoover became president.
Known as "black Thursday" , first sign of trouble in the stock market. Crash happened in just 5 days.
Known as "Black Tuesday" stock prices dropped immensely. So, people were selling their stocks out of panic. Losses for that October were nearly 16 billion dollars.
Drought hits 23 states in what is later knows as the Dust Bowl.
Franklin D. Roosevelt was the 32nd president, who served until he dies April 12, 1945.