Home » Archive

Articles tagged with: Herbert Hoover

Crash of 1929 »

Posted on 8 Jul 2012 | 4,827 views
The 1929 Stock Market Crash’s Effect on the U.S. Economy

The 1929 stock market crash devastated the American economy because not only had individual investors put their money into stocks, so did businesses. When the stock market crashed, businesses lost their money. Consumers lost their money too, because many banks had invested their money without their permission or knowledge.

Stock Market Crashes »

Posted on 6 Apr 2011 | 11,782 views
Federal Reserve Policies Sparked the Crash of 1929

Throughout the 1920s, the Federal Reserve System expanded the money supply to provide easy credit for businesses to modernize and expand. This helped the economy boom, but it also encouraged many businesses to overextend their resources.