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On October 29, 1999, it was known as Black Tuesday the day when the stocks began to slip. This triggered many investors to begin to panic. The stock market crash making 15 billion lost in one day. Banks began to collapse due to many numerous loans made, these lead stock speculators to a recession and also the closing of many banks. During 1929, 600 banks close then in 1933, 11,000 or two 25,000 Banks closed. It is known that one of the causes of the great depression was the easy credit access. This idea about credit leads many people to have a mindset of "buy it now and pay later" meaning that you don’t have actual money to buy the things they wanted. As debt increase that leads spending to decrease. But then many things changed as our new president Franklin D. Roosevelt was elected he change many things one of the new ideas he added was the bank holiday this happen on March 6, 1933, banks were closed until they passed inspection also emergency banking bill was passed o...