The First Four Years. 1929-1933. The Stock Market. By the end of 1929, stock prices were down 50%. By 1932, stock prices had dropped another 30%. In three years, $74 billion of the nation’s wealth simply vanished. Business and Bank Failures. Industrial production fell by 50%.
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The First Four Years
Hoover’s Response toThe Economic Crisis
Salvation Army Soup Kitchen
New York City Food Line
Hooverville—Central Park, NYC
Hooverville Outside Seattle
Sign reads “We done a good job in France.
Now you do a good job in America.”
Camp Marks, Anacostia, Virginia
Burning Camp Marks
Governor Franklin D. Roosevelt
Election of 1932
Promise of a “New Deal”
Ida Mae Fuller, 1940