Stock Market Crash Of 1929

Stock Market Crash of 1929 America’s 28th President of the United States Woodrow Wilson nicknamed School Master in Politics served two terms office from 1913 thru 1921. He was born in Virginia 1856. He worshiped under the Presbyterian faith. His political affiliation was Conservative Democrat. He has graduated from Princeton (then college of New Jersey) and the University of Virginia Law School. He has earned his doctorate at John Hopkins University. Charles Paul Freud writes an article entitled Dixiecrats Triumphant (The Menacing Mr. Wilson). He describes Inauguration Day in Washington. Happy Rebel Yells rang out. An associate of our new Chief Executive warned that the South had run America. Negroes may expect to be treated as a servile race. Wilson brought Jim Crow to the Oval Office. He separated toilets, cafeterias, and work areas. Wilson set the tone of Washington. He had perceived himself similar to his Republican counterpart and predecessor Theodore Roosevelt as personal representative of the people. April 17, 1919 he had asked Congress to declare war against the Central Powers. World War I has marked the tenure of his official watch as our Commander in Chief. Wilson imposed our Federal Income Tax to fund our nation’s War Chest. He has enacted the first Drug Prohibition. October 28, 1919 he vetoed the Volstead Act. Congress had overwritten his veto the very same day. January 29, 1919 Congress ratified our Eighteenth Amendment to establish Prohibition in the United States. America’s 30th President of the United States John Calvin Coolidge, Jr. was nicknamed Cool Cal. He has served one and half term of office from 1923 thru 1929. Coolidge was born in Plymouth Vermont July 4, 1872. He has worshipped under the Congregationalist faith. He has graduated from Amherst College. His political affiliation was with the Republican Party. He has been noted as a small government conservative. He has restored confidence in our Oval Office to rescind Jim Crow of President Wilson.

The Roaring Twenties has marked the tenure of Coolidge’s watch as our Commander in Chief. The Prohibition of Wilson’s administration had set the stage for the Stock Market Crash of 1929. The cost of law enforcement had skyrocketed. The demand for bootleg alcohol opened the doors of the Black Market. Gang warfare had spread rampant across the United States. State Governors choked Congress to fund exorbitant cost of prison overcrowding. Our Federal treasury suffered bankruptcy. America’s 31st President Herbert Clark Hoover served one term of office from 1929 thru 1933. He has worshipped as a Quaker. He was born in West Branch Iowa August 10 1874. His political affiliation was with the Republican Party. He attended night school to obtain his GED as a high school drop out. Hoover graduated 1895 from Leland Stanford Junior University in California with a degree in geology. He worked as a mining engineer. His tenure of watch as our Commander in Chief was to end the Depression. February 20, 1933 Congress proposed the 21st Amendment Repeal of Prohibition. The demand for bootleg liquor began to decline. The Black Market had lost its major source of revenue. Gang leaders were unable to recruit new members. Gang warfare took a downward slope. Prison overcrowding was no longer exceeding crisis proportions. Public confidence in the government began to grow. The stock market was revived. America grew prosperous. The crime rate started to dissipate.