Skip to Content
HomeAbout this siteHelpSearch this site The Library of Congress
America's Story from America's LibraryMeet Amazing AmericansJump Back in TimeExplore the StatesJoin America at PlaySee, Hear and Sing
Jump Back in Time Depression & WWII (1929-1945)
New York Stock Exchange, New York, New York
The New York Stock Exchange ten years after the crash

Enlarge this image
The Stock Market Fell To Its Lowest Point During the Depression
July 8, 1932

Many banks had also invested in the stock market and lost money. W.W. Tarpley, a bank officer in Georgia, remembered the mob of people who came to his bank, fearful of losing everything, " . . . people were losing their homes and some their savings of a lifetime. The saddest part of it was to see widows who probably had been left a little insurance and had put it all in the bank."

The crash triggered the Great Depression. People all over the country not only lost their money, but also they lost their jobs. Businesses closed because they could not afford to pay their workers. Stock prices continued to fall, and on July 8, 1932, the market hit its lowest point during the Depression. Many lives were drastically changed, but only a few for the better.

Back page 2 of 3 Next

Library Of Congress | Legal Notices | Privacy | Site Map | Contact Us