HIST-UA 9 Lecture Notes - Lecture 9: International Labor Defense, Okie, Scottsboro Boys
Document Summary
There was no way of saving the market. Even though the stock prices were rising from years before, stocks were rapidly decreasing during this point of time. Stock companies were worthless at this point of time. Millions of shares were traded away because they were worthless and dropping in price. The country hit a financial depression during the next few years, and it hurt the nation really hard. People have said that the stock market crash on black tuesday was the one of the major causes of the great depression. The stock market crash during that didn"t recover and caused the country in through a decade of problems: smoot-hawley tariff. The smoot-hawley tariff gave the united states the highest import prices and stopped the global commerce. This tariff was established because england and france needed to pay back loans to u. s. after world war i.
