11 Jan 2024 6:56 am
In October, 1929, the bubble burst, and in less than a week, the market dropped by almost half of its recent record highs. Billions of dollars were lost, and thousands of investors were ruined. After the stock market crash, President Hoover sought to prevent panic from spreading throughout the economy.
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https://hoover.archives.gov › exhibits The Great Depression - Herbert Hoover Presidential Library