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Panicked people that owned partial stocks traded nearly 16 million shares on the New York Stock Exchange (four times the normal volume at the time), It is said that Black Tuesday was the start of the Great Depression
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"Food riots" begin to break out in parts of the U.S. In Minneapolis, several hundred men and women smash the windows of a grocery market and make off with fruit, canned goods, bacon, and ham. Every one is starving and no one can afford to eat
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New York's Bank of the United States collapses in the largest bank failure to date in American history.$200 million in deposits disappear, and the bank's customers are left with no money
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Unemployment averages 24.1% for the year.
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Democrat Franklin D. Roosevelt beats Republican President Herbert Hoover in a landslide to win the presidency.
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Germany really was lacking confidence at the the end of world war one. They needed a leader and Adolf Hitler was a great speaker and he convinced all of Germany to follow him.
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Upton Sinclair publishes I, Governor of California and How I Ended Poverty: A True Story of the Future, a fictionalized political treatise that supposely ends poverty in California.
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The Supreme Court declares the National Recovery Administration to be unconstitutional.
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Top tax rate raised to 79 percent.
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In March 1937, she flew to Hawaii with fellow pilot Paul Mantz to begin this flight. Earhart lost control of the plane on takeoff, however, and the plane had to be sent to the factory for repairs.
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On this day World war Two started and did not end until six years later
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Roosevelt gets elected for his third term.
