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1929 Stockmarket crash in Wall Street, New York

The values of stocks plummeted into the black


Since the USA was a country of rapid industrialisation, most of the money used
to invest in new businesses came from the sale of stocks
This resulted in the American economy collapsing and became known as the
Great Depression in which the years 1930-1933 1 in 3 men were unemployed.
Due to the high unemployment level and the consequential poverty. The
unemployed went to bootleggers. The bootleggers of the early 1930s did not
become instant millionaires overnight, but many were able to survive on the
money they made. Bank robberies escalated in the 1930s due to the depression
and the techniques used were heavily influenced by the new modern technology
like portable machineguns and automobiles.

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