Jun 10, 2014
In 1929, the United States rested under the promise of a bright future. Stock market numbers were high, and the economy seemed to be thriving. Herbert Hoover was elected President of the United States that year, and on inauguration day, he stated, “I have no fears for the future of our country. It is bright with hope.” This optimistic mood covered the nation and quite possibly had a hand in influencing the stock market’s rapidly soaring prices. All over the United States, people began plunking down money for stocks, expecting to receive a hefty return. Many who would not normally invest invested, and many tasted the sweetness of sudden wealth.
But it didn’t last.Read More