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Did you know... where this bank was located? This bank was located on the northeast corner of 2 nd and Willis. The bank was ...
The Great Depression was the worst economic disaster of the 20th century, ... bank failures, and poverty. Factories closed, people lost savings, and homelessness surged.
Businesses closed, banks collapsed, one in four people was unemployed, families couldn't make rent, the economy was broken. And this was happening all over the world.
The crash wiped out both corporate and individual wealth. The stock market peaked on Sept. 3, 1929 with the Dow at 381.17. The ultimate bottom was reached on July 8, 1932 when the Dow stood at 41.22.
Several factors led to the Great Depression, ... This led to an economic decline that triggered the stock market crash in October 1929 and caused more than 9,000 bank failures between 1929 and 1933.
Businesses closed, banks collapsed, one in four people was unemployed, families couldn't make rent, the economy was broken. And this was happening all over the world.