RESEARCH IMW931105 wall street crash of 1929 IMW931105

The transcript describes the sudden economic collapse of the United States, leading to widespread poverty and social unrest. Financial leaders were unable to provide solutions, resulting in unemployment and social upheaval. A call for moral and religious reform is made, urging people to pledge against societal vices. The Puritan influence in America prompts a reflection on conscience, with President Hoover expressing optimism for future prosperity.

What event led to the United States being thrown into poverty?

• A foreign invasion

• A natural disaster

• A sudden economic collapse

• A political coup

Who were some of the financial leaders consulted during the economic crisis?

• Rockefeller and Carnegie

• Gates and Jobs

• Firestone and Wright

• Morgan and Vanderbilt

What was the main message of the moral call to action?

• To increase economic investments

• To embrace technological advancements

• To fight against societal vices

• To support political reforms

What did the Puritan influence in America encourage?

• Military expansion

• Technological innovation

• Self-examination and moral reflection

• Economic investment

What did President Hoover announce regarding the economic situation?

• A military intervention

• A tax increase

• A new economic policy

• An imminent recovery