The Stock Market Crash By natmitch Jan 1, 1928 Herbert Hoover becomes president of the US Sep 3, 1929 The value of stocks reached a high point Oct 23, 1929 Stock prices decreased sharply Oct 29, 1929 Black Tuesday People and corporations frantically tried to sell their stocks before prices dropped even lower. The stock market crashed. Mar 1, 1933 9,000 banks were out of business