Seabiscuit: The Stock Market Crash of 1929
History → American History → Great Depression
History → American History → Stock Market Crash of 1929
The narrator in the clip explains the impact of the stock market crash on the United States economy: millions of individuals lost their hard-earned savings, and unemployment rose to 25%. As a result, millions of families had to change the way they lived in order to survive. This new way of life was noticeably less comfortable than their old way of life.