1929 Stock Market Crash (2:25)
Black Thursday brings the roaring twenties to a screaming halt, ushering in a world-wide an economic depression.
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Related Videos (7)
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1929 Stock Market Crash
1929 Stock Market CrashVideo Clip (2:25)
Video Clip (2:25)
Black Thursday brings the roaring twenties to a screaming halt, ushering in a world-wide an economic depression.
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National Recovery Administration Created
National Recovery Administration CreatedVideo Clip (2:06)
Video Clip (2:06)
Established in 1933, the National Recovery Administration (NRA) was a key component of President Franklin Roosevelt's New Deal program designed to combat the effects of the Great Depression.
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Franklin D. Roosevelt's First Fireside Chat
Franklin D. Roosevelt's First Fireside ChatVideo Clip
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Banking Crisis Hits America
Banking Crisis Hits AmericaVideo Clip (2:50)
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Following the Wall Street Crash of 1929, thousands of banks collapse when depositors demand their money back, money the speculating banks no longer have.
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Black Monday 1987
Black Monday 1987Video Clip (4:32)
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Black Monday on Wall Street, set to "Urgent" by Foreigner
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Grover Cleveland's Second Presidential Term
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Discover how President Grover Cleveland's work in helping reform the McKinley tariff helped him win reelection and become the first U.S. president to serve two non-consecutive terms.
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Columbus the Businessman
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Columbus relied on the same tools of planning and persuasion that modern businessmen use today.
Related Speeches & Audio (8)
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Hoover on Unemployment Relief
Hoover on Unemployment ReliefAudio Clip (1:23)
Audio Clip (1:23)
On October 18, 1931, as the nation faces a deepening depression, President Herbert Hoover announces in his radio address the inauguration of a six-week campaign to raise local relief funds to aid the unemployed.
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Franklin D. Roosevelt Handles Banking Crisis
Franklin D. Roosevelt Handles Banking CrisisAudio Clip (0:55)
Audio Clip (0:55)
On March 6, 1933, newly elected President Franklin D. Roosevelt orders the temporary closing of all banks in an effort to stem a financial crisis. On March 12, Roosevelt delivers his first fireside chat radio broadcast to assure the American people that their savings are safe.
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Franklin D. Roosevelt's Labor Day Address 1942
Franklin D. Roosevelt's Labor Day Address 1942Audio Clip (1:23)
Audio Clip (1:23)
In an address to the nation on Labor Day 1942, President Franklin D. Roosevelt summarizes an earlier meeting with Congress in which he urged cooperation to pass his seven-point economic plan to fight inflation, which was presented to both houses on April 28.
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U.S. Financial Market Nears Collapse in September 2008
U.S. Financial Market Nears Collapse in September 2008Audio Clip (0:30)
Audio Clip (0:30)
In the wake of the worst financial crisis since the Depression, ABC News reports on September 14, 2008, on the impending collapse of the giant investment bank Lehman Brothers. Alan Greenspan, former chairman of the Federal Reserve, provides further analysis.
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U.S. Credit Rating Is Downgraded in August 2011
U.S. Credit Rating Is Downgraded in August 2011Audio Clip (0:34)
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An August 6, 2011, report describes the unprecedented decision by the debt securities adviser Standard & Poor's to downgrade the United States' credit rating from AAA to AA+.
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Google Goes Public
Google Goes PublicAudio Clip (0:26)
Audio Clip (0:26)
On April 29, 2004, Google, one of the most successful Internet search engines, filed for its initial public stock offering. A May 2 news report explains the company’s plans for an online auction, an unconventional move that will make its shares available to individual shareholders.
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Bernie Madoff Arrested in December 2008
Bernie Madoff Arrested in December 2008Audio Clip (0:27)
Audio Clip (0:27)
On December 12, 2008, ABC News' Chris Cuomo reports on the previous day's arrest of financial adviser Bernard "Bernie" Madoff, who was accused of running the largest Ponzi scheme in U.S. history. Convicted on June 29, 2009, Madoff was sentenced to 150 years in prison.
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The Euro Is Adopted
The Euro Is AdoptedAudio Clip (0:09)
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A recording of a hotline caller is representative of the confusion some citizens are feeling as 12 European nations prepare to switch their individual currencies for euro notes and coins starting at midnight on January 1, 2002.
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