After many years of assurance and success, the United States was cast out into misery on Black Tuesday, October 29, 1929, the day the stock market crashed and the start of the Great Depression. As stock prices fell with no expectation of recovery, panic begin to hit. Many people tried to wholesale their stock but nobody was purchasing. The stock market, which ensures to become rich, rapidly developed a pathway to bankruptcy.

Yet, the stock market crash was just the commencement. Since many banks had also capitalized huge portions of their clients’ savings in the stock market, these banks were compelled to close when the stock market crashed. Seeing a small number of banks closing their doors caused additional panic across the country. Frightened