Lessons from the Crash of '29
Marc Sanchez
OCTOBER 4, 2008
- October 1929
- (OFF/AFP/Getty Images)
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More From Marc Sanchez
We've been watching the market rise and dip all week. Congress has passed a bailout bill to, hopefully, quell the fears of the country. We hear lots about how this crisis is just the beginning, and if we don't act now, it's going to get a lot worse. But what does that mean for the average American?
When banks closed after the stock market crash in 1929, it was because people took their money out in fear. We speak with Maury Klein, professor emeritus of history at Rhode Island University.
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