Switch the dow around would we be looking at essentially the same falloff . Essentially we would. This is taking nine of 12 key sectors down. Financials are holding up pretty well today but a lot of this was driven right now by concerns, comments made by dr. An any fauci. I believe he was doing interview on cnn he expressed doubts having a vaccine ready by october. I think there was leaping on that as excuse to sell, just as it could be a leap on Mitch Mcconnells comments that we might not get a deal together, spending measure, virus, stimulus deal together anytime soon. And that he doubts they will be on the same page, republicans and democrats anytime soon. Add to that that weve got new u. S. China tensions. This didnt get as much attention. It has nothing to do with trade per se but with the administration move to impose restrictions on chinese diplomats already here. I do think when you get a selloff going, people collect all of this together, say, sell, sell. It is not that neat a
Me it is my belief that the only thing that we have to fear is fear itself. By the time Franklin Roosevelt gives his march 1933 inaugural speech, almost a quarter of the nation is unemployed. More than 5,000 banks have failed and drought is persisting in key agricultural areas of the country. People must have faith. Coming up in the next hour, stories from the Great Depression as we take you to places like toledo and then in 1931 five of the six largest banks all failed at the same time which made it the largest banking failure of the Great Depression. To successful infrastructure of the times still impacting us today. And to one ending in tragedy. Well talk you to st. Paul with gangsters and the corrupt police force strike a bargain. Well explore the impact of new deal programs like the Conservation Corp as we go just outside of amarillo, texas. We wouldnt have a park here if it wasnt for the Conservation Corp. And well hear from artists who tell tales. We begin our cities tour featur
Plunges and a financial panic gripped the world. This land is your land this land is my land from california to the New York Island i have but one desire, and that is to see my country again on the road to prosperity. This land was made for you and me let me assert my firm belief that the only thing we have to fear is fear itself. By the time Franklin Roosevelt gives his march 1933 inaugural speech, almost a quarter of the nation is unemployed. More than 5,000 banks have failed and drought is persisting in key agricultural areas of the country. Coming up in the next hour, stories from the Great Depression as we take you around the country to places like toledo. And then in 1931, five of the six largest banks in toledo all failed at the same time, which made it the largest banking failure of the Great Depression. Two successful Infrastructure Projects of the time still impacting us today. And to one ending in tragedy. Well take you to saint paul where depression gangsters and the corrup
Your people must have faith. In the 1920s, toledo was the Fastest Growing manufacturing city in america. In some, ways it was the Silicon Valley of today. The auto industry, cutting edge technologies, they were all centered here at the time. As a result, the Manufacturing Base was going gangbusters. Toledo seemed to be one of the brightest economic spots on the whole american map during a decade that was a decade of prosperity. Then, in 1931, the entire house of cards collapsed. And five of the six largest banks in toledo all failed at the same time. That made it the largest banking failure of the Great Depression. The Banking Industry here was perhaps more corrupt than other places. That contributed to its catastrophic collapse. Toledo was the 27th largest city in america. Its economy was rather diversified for a city of its size. It was an up and coming, major producer of automobiles. It had one of the largest Automobile Companies producing cars here. But it was also a city that had
Again holds a prosperity. This land was made for you and me firmt me insert my belief that the only thing we have to fear is, fear itself. Franklin time roosevelt gives his 1933 speech, a quarter of the nation is unemployed. The drought is persisting in key agricultural areas in the country. Faith. Le must have next hour,p in a stories from the Great Depression as we take you around the country to places like toledo. In 1931, 5 of the six largest banks which made it the largest ranking failure of the Great Depression. To successful Infrastructure Projects impacting us today. And to one ending in tragedy. Paul,l take you to st. Where depression era gangsters and the police force struck a bargain. Impact ofplore the new deal programs like the asilian conservation corps we have just outside amarillo, texas. We would not have this year if it was not for the occupation core. Ps. And we will hear about artists who tell details. Feature our cities tour with a trip to toledo, ohio. Toledo was