What if the Great Depression began three years later than the OTU?
The Wall Street Crash of 1932, also known as the Great Crash or the Stock Market Crash of 1932, was the most devastating stock market crash in the history of the United States, taking into consideration the full extent and duration of its fallout.
The initial crash occurred on Monday, October 24, 1932, but the catastrophic downturn of Friday, October 28 and Monday, October 31 precipitated widespread alarm and the onset of an unprecedented and long-lasting economic depression for the United States and the world. This stock market collapse continued for a month.
The October 1932 crash came during a period of declining real estate values in the United States (which peaked in 1928) near the beginning of a chain of events that led to the Great Depression, a period of economic decline in the industrialized nations. The Stock Market Crash also brought about a quick reversal in the prospects of the Hoover Administration, with Franklin Delano Roosevelt declaring that is was all the fault of the Hoover Administration in allowing this to happen.