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Later known as "Black Tuesday"
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Worldwide economic depression starting in the United States and spreading throughout the world. 25% unemployed. 5,000 banks and 20,000 companies go bankrupt.
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Goes until 1936.
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They demanded their service money that wasn't supposed to be given to them for another 13 years. President Hoover used force to remove them.
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insures bank deposits of up to $5,000
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Would later become the president to pull the United States out of the Depression.
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Gave economic relief to all.
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In hopes that citizens would entrust their money in the bank