on october 30, 1929, many of the remaining investors in the us stock market

suddenly panicked and sold all of their shares, resulting in what is now known as the stock market crash of 1929. This crash marked the beginning of the great depression and led to a dramatic drop in the us economy. More than $20 billion of wealth was lost in the crash, which had a devastating impact on the US economy and people. The US government responded with the implementation of the Emergency Banking Act of 1933, which provided the stability to the US banking system. Many additional programs, such as Social Security and the New Deal, were created in order to help the US recover from the Crash.

panicked and pulled out, triggering the stock market crash of 1929. This event is considered to be the start of the Great Depression. It marked the beginning of a decade of extreme hardship for many American families as thousands of businesses failed and unemployment skyrocketed. The Federal government was forced to intervene and introduce programs such as Social Security, the National Industrial Recovery Act, and the agricultural subsidy program to aid in the economic recovery.