Depression+Mindy

STOCK MARKET CRASH !!!
==In October 1929 there was a stock market crash, it strained personal investors, but banks as well as companies. Many people were going to get their money out of the banks but the banks did not have that much money to give out. By 1933, 11,000 of the U.S.'s 25,000 banks had failed. The country was in a lot of trouble. By 1932, unemployment had risen. Farmers were losing money and land. Families were starving and living in towns constructed of abandoned train cars and scraps known as "Hoovervilles". Herbert Hoover was president at this time and underestimated this situation. He assumed it would get better on its own.It didn't. In 1932 Franklin D. Roosevelt became president in the midst of The Great Depression.​==