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4. How many shares were sold on the stock market on October 23rd 1929 and what did President Hoover say

to try to restore Americans confidence in the Stock Market? (2 to 3 sentences)

asked
User Jing He
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1 Answer

3 votes

Final answer:

Approximately 16,410,030 shares were sold on the stock market on October 23rd, 1929. President Hoover's attempts to restore Americans' confidence in the stock market were not successful.


Step-by-step explanation:

On October 23rd, 1929, known as Black Tuesday, approximately 16,410,030 shares were sold on the stock market. This marked the beginning of the stock market crash and the Great Depression in the United States.

During this time, President Herbert Hoover tried to restore Americans' confidence in the stock market by making statements to downplay the severity of the situation. However, his attempts were largely unsuccessful, as the economic crisis continued to deepen.


Learn more about stock market crash

answered
User Ed
by
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