Economic Disaster

October 29, 1929: Greatest Economic Disaster! October 29, 2012: Greatest Natural Disaster?

On this day, 83 years ago, in the year 1929, the United States experienced the Great Crash on Wall Street, the greatest economic disaster in American history, the beginning of the ten year long Great Depression. After three and a half years, the nation elected Franklin D. Roosevelt, who came up with plans that helped to alleviate these terrible economic conditions, and the New Deal changed America!

Now on this day in 2012, the Atlantic coast of the nation, with 60 million people, is about to be hit by the potentially worst, most costly natural disaster in American history, Hurricane Sandy, and we have a President, Barack Obama, facing a challenging political situation to win reelection in just eight days, and he now has an opportunity, but also a challenge, to deal with this crisis which could decide whether he will be inaugurated for a second term on January 20, 2013.

It is ironic that October 29 will go down in history for being the date of two important turning points in American history!