The Roaring Twenties came to a screeching halt on October 29, 1929, with the collapse of the U.S. stock market. A year earlier, president Herbert Hoover had coasted to victory by promising the American people “a chicken for every pot” and “a car in every backyard.” Lured by the promise of skyrocketing markets, many first-time investors got caught up in margin trading, borrowing money to make bigger stock purchases than they could actually afford. It was a foolproof way to make money, so long as stock prices kept rising.
But then, on the morning of Tuesday, October 29, more than sixteen million shares changed hands on the floor of the New York Stock Exchange. By the market’s close, investors had lost tens of billions of dollars — and kicked off a decade that would reshape American institutions, even as labor unrest, racial tensions, and the dark shadow of nativism pushed back from all sides.
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02/20/19 • 37 min
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Freya
@freya_elizabeth
Apr 21
@jerry12
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April Test
@apriltest
Apr 22
Test 1
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Apr 22
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Melanie (Team Goodpods)
@melanie
Apr 21
@jj
try this one
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Raine
@raine
May 25
Dude! This Great Depression series is my favorite thing right now. Especially with our current economic situation... a lot of parallels
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Ben Jarris
@jerry12
Apr 21
@freya loves this.
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Charles McDonald
@misterchuck
Apr 25
Good production I find interesting and easy to follow .
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Ken (Team Goodpods)
@ken
May 6
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Kazarian K-Zar
@quietlyartistic
May 12
I have always struggled to understand the stock market and the great depression. This podcast brought me one step closer to understanding. It seems quite timely now.
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Donavan Jones
@friarsonthefarm
Apr 19
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Mylène Moreno
@souven
Apr 14
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Caren Pasquale Seckler
@caren
Apr 26
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