Friday, October 24, 2008

4th annotation

http://www.historynet.com/the-bonus-march-herbert-hoovers-view.htm
HistoryNet.com
the bonus march: Herbert Hoover’s view

In this site they are talking about how the average price of stocks rose more than 40 percent. Hoover hoped to help maintain the boom by expanding social and economic policies. They also mention The rising markets led financial institutions to grant millions of dollars in easy credit loans, fueling the fever. The web also tells when all hell brake lose, On October 26, 1929, the bubble finally burst completely when 16 million shares were traded, and the indexes dropped some 43 points.

I think this site will be a really good source because it’s very descriptive about what was going on at that time and how the people felt. Also it tells you what was going on with the stock markets and ho businesses were crashing.

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