Black Friday: New York Stock Exchange Crashes

10/25/1929

The collapse of the New York Stock Exchange prompted a severe economic crisis in the United States and, in its wake, around the world. In response to the crisis, the American electorate installed Franklin Delano Roosevelt in the White House in the 1932 presidential elections. Roosevelt's far-reaching program, the New Deal, intensified federal-government involvement in economic life and helped pull the country out of its malaise.