This is a news headline from the Stock Market crash in 1929, which led to the Great Depression which lasted throughout the 1930s.  During this time period, the economy was at its lowest point. Businesses were going bankrupt, more loans were being taken out, banks were failing, and unemployment rates had risen.  By 1835, over 1/4 of the front page news stories printed were related to the Great Depression. On October 29, 1929, Black Tuesday hits Wall Street as investors trade 16,410,030 shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors, and stock tickers ran hours behind because the machinery could not handle the tremendous volume of trading. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression. By 1933, nearly half of America’s banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce.

To know more about The Great Depression