Of what did president hoover assure the nation on friday, october 25, 1929, the day after black thursday

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Enzo Stone

7 March, 02:42

Of what did president hoover assure the nation on friday, october 25, 1929, the day after black thursday

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Darryl Webb · Answer 1

After the Black tuesday, He assured that industry was "On a sound and prosperous basis"

But this was all lies. The black tuesday was regarded as the most devastating stock market Crash in United States' history.

During this crash, investors suffer a loss of $ 14 Billion in the stock market. If we calculated the inflation, it worh $199 billion in 2017.