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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:06,606 --> 00:00:10,776 Narrator: This is the story of America... 2 00:00:10,778 --> 00:00:14,179 Seen in color for the first time. 3 00:00:19,620 --> 00:00:23,555 It's the roaring '20s. 4 00:00:23,557 --> 00:00:25,524 The country is flourishing. 5 00:00:29,196 --> 00:00:32,698 And the economy isn't the only thing roaring. 6 00:00:32,700 --> 00:00:36,301 Henry Ford ignites the auto industry. 7 00:00:38,371 --> 00:00:40,205 Radio unifies the nation... 8 00:00:40,207 --> 00:00:42,341 Announcer: ...Dempsey's face. He lands a right. 9 00:00:42,343 --> 00:00:45,210 Then dempsey comes back! 10 00:00:45,212 --> 00:00:49,748 Narrator: As Charles Lindbergh ushers in the era of aviation. 11 00:00:49,750 --> 00:00:54,520 Americans are celebrating good times. 12 00:00:54,522 --> 00:00:57,623 Woman: What's the greatest country in the whole world? 13 00:00:57,625 --> 00:01:00,125 Women: America! 14 00:01:00,127 --> 00:01:04,363 Narrator: But progress also brings peril. 15 00:01:04,365 --> 00:01:09,468 Prohibition makes al Capone a celebrity gangster, 16 00:01:09,470 --> 00:01:13,205 and the ku klux klan marches the streets of the capital. 17 00:01:15,241 --> 00:01:19,111 Then, after eight years of incredible prosperity 18 00:01:19,113 --> 00:01:24,450 comes black Tuesday and the crash of '29. 19 00:01:24,452 --> 00:01:27,186 This is the story of the '20s, 20 00:01:27,188 --> 00:01:29,288 as you've never seen them before. 21 00:01:47,408 --> 00:01:49,308 John f. Kennedy: I want us to recapture that. 22 00:02:03,723 --> 00:02:06,658 Narrator: New York, 1919. 23 00:02:06,660 --> 00:02:11,396 Two million U.S. soldiers return victorious from world war I. 24 00:02:16,470 --> 00:02:18,537 They parade through Madison square 25 00:02:18,539 --> 00:02:22,274 optimistic about a young country on the rise. 26 00:02:27,148 --> 00:02:28,780 At the start of the decade 27 00:02:28,782 --> 00:02:31,884 New York is the world's largest financial market, 28 00:02:31,886 --> 00:02:35,254 the beating heart of American capitalism. 29 00:02:36,689 --> 00:02:38,857 But both veterans and bankers 30 00:02:38,859 --> 00:02:43,162 are in for an unpleasant surprise. 31 00:02:43,164 --> 00:02:46,498 At noon on September 16, 1920, 32 00:02:46,500 --> 00:02:49,935 a horse-drawn wagon passing by lunchtime crowds 33 00:02:49,937 --> 00:02:52,504 stops across from the j.P. Morgan bank 34 00:02:52,506 --> 00:02:54,606 at 23 wall street. 35 00:02:54,608 --> 00:02:55,941 Then... 36 00:02:59,346 --> 00:03:04,783 An explosion kills 38 and leaves 143 seriously wounded. 37 00:03:13,260 --> 00:03:16,628 Anarchists targeting the rich are the prime suspects, 38 00:03:16,630 --> 00:03:19,364 but no one is ever arrested. 39 00:03:19,366 --> 00:03:22,768 A flash of terror, quickly forgotten. 40 00:03:24,637 --> 00:03:26,672 Trading resumes the next day 41 00:03:26,674 --> 00:03:28,340 as the wolves of wall street 42 00:03:28,342 --> 00:03:33,345 launch a decade of unprecedented growth. 43 00:03:33,347 --> 00:03:36,748 But before the party comes a hangover. 44 00:03:38,785 --> 00:03:40,886 The end of wartime production 45 00:03:40,888 --> 00:03:45,224 slams the brakes on America's economy. 46 00:03:45,226 --> 00:03:47,859 Nearly half of returning soldiers find themselves 47 00:03:47,861 --> 00:03:51,463 unemployed and relying on breadlines. 48 00:03:53,433 --> 00:03:58,270 Many Americans are hurting financially. 49 00:03:58,272 --> 00:04:00,906 For those who can't afford leather shoes, 50 00:04:00,908 --> 00:04:03,842 an enterprising store offers a cheaper alternative-- 51 00:04:03,844 --> 00:04:07,479 clogs made of wood. 52 00:04:14,922 --> 00:04:18,624 In march 1921, new president Warren g. Harding 53 00:04:18,626 --> 00:04:20,959 promises to put things right for America. 54 00:04:20,961 --> 00:04:23,562 A return to normalcy. 55 00:04:28,534 --> 00:04:30,535 Historians will later view Harding 56 00:04:30,537 --> 00:04:33,005 as one of America's worst presidents, 57 00:04:33,007 --> 00:04:34,773 but during his term, 58 00:04:34,775 --> 00:04:37,976 he benefitted from an age of rapid innovation. 59 00:04:41,014 --> 00:04:44,683 One early adopter is a fox movietone news cameraman, 60 00:04:44,685 --> 00:04:47,352 Harry birch of Chicago. 61 00:04:50,390 --> 00:04:52,858 When he's not filming newsreels, 62 00:04:52,860 --> 00:04:55,627 he takes some of the earliest known home movies, 63 00:04:55,629 --> 00:04:58,697 featuring his wife Lucille and son bill. 64 00:05:04,638 --> 00:05:08,774 Cars are becoming so popular that even young bill has one. 65 00:05:14,481 --> 00:05:17,649 His dad has the must-have marvel of the day, 66 00:05:17,651 --> 00:05:20,419 the revolutionary Ford model t. 67 00:05:26,092 --> 00:05:28,560 Its designer is Henry Ford, 68 00:05:28,562 --> 00:05:31,763 the greatest engineer of his era. 69 00:05:31,765 --> 00:05:35,067 By the 1920s, Ford and his "tin Lizzie" 70 00:05:35,069 --> 00:05:37,969 have turned America into a nation of car owners. 71 00:05:37,971 --> 00:05:39,905 Henry Ford: If a young man makes up his mind to work, 72 00:05:39,907 --> 00:05:42,040 there's no limit to what he can do. 73 00:05:46,012 --> 00:05:48,747 Narrator: In 1913, Ford had introduced 74 00:05:48,749 --> 00:05:50,649 the moving assembly line, 75 00:05:50,651 --> 00:05:53,752 a revolution in auto manufacturing. 76 00:05:57,357 --> 00:06:00,559 Workers used to make one car at a time. 77 00:06:00,561 --> 00:06:03,095 Ford puts them in workstations, 78 00:06:03,097 --> 00:06:04,730 installing each part of the chassis 79 00:06:04,732 --> 00:06:07,733 as it moves down the line. 80 00:06:07,735 --> 00:06:10,902 It's up to four times faster than the old way. 81 00:06:13,706 --> 00:06:16,141 Black paint is cheap and durable. 82 00:06:16,143 --> 00:06:20,379 Ford famously says customers can have any color they like, 83 00:06:20,381 --> 00:06:22,414 "so long as it's black." 84 00:06:27,653 --> 00:06:33,925 By 1920 a new car rolls off the line every two hours, 85 00:06:33,927 --> 00:06:38,163 and over half of all cars in America are model ts. 86 00:06:40,466 --> 00:06:45,737 Each one is simple, reliable and durable. 87 00:06:45,739 --> 00:06:48,874 Important in a nation where less than 2% of the roads 88 00:06:48,876 --> 00:06:50,809 are suitable for driving. 89 00:06:55,749 --> 00:06:59,851 Ford also revolutionizes business practices. 90 00:06:59,853 --> 00:07:03,989 He gives employees a five-day workweek, 91 00:07:03,991 --> 00:07:06,124 their first weekends off, 92 00:07:06,126 --> 00:07:09,728 and pays them enough to afford their own model t, 93 00:07:09,730 --> 00:07:13,031 selling at a little over $300. 94 00:07:13,033 --> 00:07:15,867 In his company newsletter, Ford says, 95 00:07:15,869 --> 00:07:18,770 "it is high time to rid ourselves of the notion 96 00:07:18,772 --> 00:07:21,740 that leisure for workmen is either lost time 97 00:07:21,742 --> 00:07:25,444 or a class privilege." 98 00:07:30,050 --> 00:07:34,519 Millions of sales turn Detroit into a boomtown... 99 00:07:34,521 --> 00:07:36,888 And Ford into a billionaire. 100 00:07:42,995 --> 00:07:46,498 It's a new age of great industrialists. 101 00:07:46,500 --> 00:07:51,102 In 1921 Ford joins tire magnate Harvey firestone, on the left, 102 00:07:51,104 --> 00:07:53,638 and inventor Thomas Edison, on the right, 103 00:07:53,640 --> 00:07:55,474 on a trip to the catskills. 104 00:08:03,816 --> 00:08:06,485 Even president Harding pays a visit. 105 00:08:12,826 --> 00:08:15,527 As four of the most powerful people on the planet 106 00:08:15,529 --> 00:08:17,762 take a break from the stresses of work 107 00:08:17,764 --> 00:08:19,965 and enjoy the great outdoors, 108 00:08:19,967 --> 00:08:22,701 across the country, new roads emerge 109 00:08:22,703 --> 00:08:25,737 to accommodate millions of new car owners. 110 00:08:31,912 --> 00:08:36,681 By 1922, the economy is kicking into high gear. 111 00:08:38,818 --> 00:08:42,220 But there's one business that won't be joining the boom. 112 00:08:52,299 --> 00:08:57,068 Just two years earlier, prohibition became law. 113 00:08:57,070 --> 00:08:59,838 It bans the production and sale of alcohol. 114 00:09:07,046 --> 00:09:10,615 This 1922 footage in long beach, California, 115 00:09:10,617 --> 00:09:15,287 shows the police destroying $30,000 worth of liquor. 116 00:09:15,289 --> 00:09:19,090 This is some of the earliest film ever of prohibition. 117 00:09:21,027 --> 00:09:24,162 America is again a productive nation, 118 00:09:24,164 --> 00:09:28,166 and many believe it's also become a sober nation as well. 119 00:09:28,168 --> 00:09:32,771 But for some, the party never ends... 120 00:09:32,773 --> 00:09:35,106 It just goes underground. 121 00:09:37,977 --> 00:09:39,744 In this rare home movie, 122 00:09:39,746 --> 00:09:42,280 the Adams family of brattleboro, Vermont, 123 00:09:42,282 --> 00:09:45,817 films a party where the liquor flows freely. 124 00:09:47,853 --> 00:09:50,689 A loophole in the law allows people to drink 125 00:09:50,691 --> 00:09:53,792 existing supplies at home. 126 00:09:55,728 --> 00:09:59,898 Even manufacturers find work-arounds. 127 00:09:59,900 --> 00:10:03,702 In napa valley, vineyards stop making wine 128 00:10:03,704 --> 00:10:09,674 and start selling bricks of dried grapes with instructions. 129 00:10:09,676 --> 00:10:12,310 Woman: Say, Lucille, what do they do with all these grapes? 130 00:10:12,312 --> 00:10:16,748 Woman: Well, my father buys them to make grape juice. 131 00:10:16,750 --> 00:10:19,150 Woman: He would. 132 00:10:19,152 --> 00:10:24,656 Narrator: Adding water and three weeks in a cupboard makes wine. 133 00:10:24,658 --> 00:10:28,660 But even these loopholes don't meet the enormous demand. 134 00:10:35,035 --> 00:10:37,235 There's a growing black market, 135 00:10:37,237 --> 00:10:41,239 and organized crime is happy to satisfy the country's thirst. 136 00:10:45,245 --> 00:10:47,078 By the end of the '20s, 137 00:10:47,080 --> 00:10:50,715 al Capone is earning millions of dollars a year from bootlegging. 138 00:10:57,658 --> 00:10:59,357 He's not the only one. 139 00:11:02,229 --> 00:11:04,996 Competition leads to gang wars. 140 00:11:04,998 --> 00:11:08,133 Nearly 600 mobsters die in Chicago alone 141 00:11:08,135 --> 00:11:10,402 over the course of the decade. 142 00:11:12,004 --> 00:11:15,306 The violence does nothing to slow the demand. 143 00:11:19,980 --> 00:11:23,948 The quest for a stiff drink gives birth to the speakeasy-- 144 00:11:23,950 --> 00:11:26,451 password-protected entertainment... 145 00:11:26,453 --> 00:11:28,787 With a shot of freedom. 146 00:11:31,791 --> 00:11:35,060 For women who just won the right to vote in 1920, 147 00:11:35,062 --> 00:11:41,366 these underground bars inspire a new, uninhibited lifestyle... 148 00:11:41,368 --> 00:11:44,769 One that will shock the more conservative sectors of society. 149 00:11:47,741 --> 00:11:50,842 As the writer Dorothy Parker puts it, 150 00:11:50,844 --> 00:11:53,211 "she's not what grandma used to be." 151 00:12:01,454 --> 00:12:04,289 The flapper, a hit movie, 152 00:12:04,291 --> 00:12:07,892 gives a name to this brash, new generation of women. 153 00:12:28,348 --> 00:12:29,881 Flappers cast aside 154 00:12:29,883 --> 00:12:33,184 much of what society considers proper behavior. 155 00:12:38,291 --> 00:12:43,795 They wear short dresses, bobbed hair and lavish makeup, 156 00:12:43,797 --> 00:12:46,531 celebrating a newfound sexuality. 157 00:12:54,039 --> 00:12:56,207 The cosmetics industry booms 158 00:12:56,209 --> 00:12:59,511 as more women adopt the flapper style. 159 00:12:59,513 --> 00:13:02,313 Cigarettes become a symbol of liberation, 160 00:13:02,315 --> 00:13:04,816 and women embrace the image. 161 00:13:08,254 --> 00:13:11,823 The jazz age is in full swing. 162 00:13:11,825 --> 00:13:14,559 Most Americans have never had it so good. 163 00:13:19,099 --> 00:13:23,935 But while the flappers celebrate their social revolution, 164 00:13:23,937 --> 00:13:28,439 other Americans are reacting to change in a very different way. 165 00:13:31,143 --> 00:13:35,480 In the rural south, a dark force is rising, 166 00:13:35,482 --> 00:13:39,050 and a dormant volcano is about to explode. 167 00:13:52,599 --> 00:13:57,302 It's 1923, and America is on the upswing. 168 00:13:59,538 --> 00:14:03,408 Well-paid jobs abound, as industry thrives 169 00:14:03,410 --> 00:14:07,145 and a largely unregulated stock market booms. 170 00:14:10,015 --> 00:14:13,985 Then, in August, president Harding dies suddenly 171 00:14:13,987 --> 00:14:15,587 from a heart attack. 172 00:14:22,429 --> 00:14:24,529 His successor, Calvin coolidge, 173 00:14:24,531 --> 00:14:28,600 carries the torch of small government and big business. 174 00:14:28,602 --> 00:14:30,501 Calvin coolidge: One of the greatest favors 175 00:14:30,503 --> 00:14:34,005 that can be bestowed upon the American people 176 00:14:34,007 --> 00:14:37,075 is economy in government. 177 00:14:37,077 --> 00:14:39,644 Narrator: "Silent Cal" famously says, 178 00:14:39,646 --> 00:14:44,649 "the chief business of the American people is business." 179 00:14:46,552 --> 00:14:50,321 For most Americans, the future is bright. 180 00:14:50,323 --> 00:14:52,257 But the country's political, social, 181 00:14:52,259 --> 00:14:54,192 and economic institutions 182 00:14:54,194 --> 00:14:57,562 strongly favor white citizens over people of color. 183 00:15:02,034 --> 00:15:03,534 And nowhere is it worse 184 00:15:03,536 --> 00:15:06,971 than for blacks living in the Jim crow south. 185 00:15:12,279 --> 00:15:15,947 Many live and work in tough, segregated conditions. 186 00:15:20,420 --> 00:15:22,520 As these rare recordings show, 187 00:15:22,522 --> 00:15:24,355 the work songs have changed little 188 00:15:24,357 --> 00:15:26,190 since the time of slavery. 189 00:15:38,204 --> 00:15:42,340 In south Carolina, they lay the tracks for America's railways. 190 00:15:46,946 --> 00:15:48,947 And in port Norris, New Jersey, 191 00:15:48,949 --> 00:15:51,516 they shuck oysters for wealthy diners. 192 00:16:11,237 --> 00:16:14,739 Some African American communities are prospering, 193 00:16:14,741 --> 00:16:19,277 like the residents of greenwood, a suburb of Tulsa, Oklahoma. 194 00:16:25,318 --> 00:16:29,387 Here former slaves were given land after the civil war, 195 00:16:29,389 --> 00:16:33,491 and this rare footage shows the thriving town they built. 196 00:16:37,764 --> 00:16:42,233 A remarkable baptist pastor named Solomon sir Jones 197 00:16:42,235 --> 00:16:44,502 is the pioneering filmmaker. 198 00:16:44,504 --> 00:16:49,474 His footage was lost for more than 50 years. 199 00:16:49,476 --> 00:16:52,744 Jones captures the bustling life of greenwood, 200 00:16:52,746 --> 00:16:55,546 which could be any American small town. 201 00:17:07,794 --> 00:17:11,462 But Tulsa's whites don't like what they see. 202 00:17:13,565 --> 00:17:15,500 In may 1921, 203 00:17:15,502 --> 00:17:19,070 after a black man is accused of assaulting a white woman, 204 00:17:19,072 --> 00:17:23,307 a white mob rampages through the city. 205 00:17:23,309 --> 00:17:28,079 For a night and a day, they loot and burn greenwood. 206 00:17:28,081 --> 00:17:32,784 A fox news crew captures the only surviving footage. 207 00:17:32,786 --> 00:17:36,754 It is the bloodiest racial massacre in American history, 208 00:17:36,756 --> 00:17:39,690 leaving nearly 300 dead. 209 00:17:50,303 --> 00:17:53,371 Behind the violence is a terrifying force 210 00:17:53,373 --> 00:17:58,676 born in the 19th century, but until now, silent. 211 00:17:58,678 --> 00:18:01,746 The second wave of the ku klux klan. 212 00:18:07,253 --> 00:18:10,354 News photographers capture a klan march in Tulsa 213 00:18:10,356 --> 00:18:13,091 one year after the riots. 214 00:18:16,328 --> 00:18:19,497 The klan appeals to white Americans who feel threatened 215 00:18:19,499 --> 00:18:22,300 by the fast pace of change in the '20s. 216 00:18:30,876 --> 00:18:35,213 Born in the south, the kkk spreads north. 217 00:18:44,390 --> 00:18:49,293 Its members promote what they call "100% americanism," 218 00:18:49,295 --> 00:18:55,333 targeting not just blacks, but catholics, Jews, immigrants. 219 00:18:58,637 --> 00:19:00,238 At the height of its power, 220 00:19:00,240 --> 00:19:03,574 newsreels capture 40,000 klansmen and women 221 00:19:03,576 --> 00:19:05,810 massing in support of white supremacy 222 00:19:05,812 --> 00:19:09,747 on the streets of Washington, D.C. 223 00:19:09,749 --> 00:19:14,819 By 1924, its membership reaches a staggering four million. 224 00:19:14,821 --> 00:19:19,257 The kkk will remain a force of bigotry in this country 225 00:19:19,259 --> 00:19:21,559 for generations to come. 226 00:19:25,564 --> 00:19:29,467 Racial tensions in the south and bountiful jobs in the north 227 00:19:29,469 --> 00:19:33,271 prompt many African Americans to uproot their families. 228 00:19:35,641 --> 00:19:38,809 Nearly 1.6 million people choose to move 229 00:19:38,811 --> 00:19:41,946 in what becomes known as the great migration. 230 00:19:43,649 --> 00:19:48,486 It transforms neighborhoods like New York's Harlem. 231 00:19:48,488 --> 00:19:51,589 Black Americans bring their culture and music with them-- 232 00:19:51,591 --> 00:19:53,391 blues, jazz. 233 00:20:00,233 --> 00:20:01,599 Not for the last time, 234 00:20:01,601 --> 00:20:04,502 black music is adopted by white America. 235 00:20:16,649 --> 00:20:18,249 In one of the earliest recordings 236 00:20:18,251 --> 00:20:20,384 of an all-white jazz band, 237 00:20:20,386 --> 00:20:22,386 Ben Bernie and his orchestra 238 00:20:22,388 --> 00:20:25,923 play their 1925 hit "sweet Georgia brown." 239 00:20:31,764 --> 00:20:33,965 Jazz finds a new home 240 00:20:33,967 --> 00:20:36,567 in the raucous speakeasies and nightclubs 241 00:20:36,569 --> 00:20:39,971 of the Cosmopolitan cities. 242 00:20:39,973 --> 00:20:43,507 A flamboyant former actress named Texas guinan 243 00:20:43,509 --> 00:20:45,643 runs New York's 300 club, 244 00:20:45,645 --> 00:20:49,714 often greeting her customers with, "hello, suckers." 245 00:20:49,716 --> 00:20:51,616 Texas guinan: Before I start to sing this song, 246 00:20:51,618 --> 00:20:54,619 I want it understood that no sucker in this room 247 00:20:54,621 --> 00:20:57,455 had better mention not a word. 248 00:20:57,457 --> 00:20:59,790 Narrator: Black music, illegal booze 249 00:20:59,792 --> 00:21:00,958 and liberated women 250 00:21:00,960 --> 00:21:02,760 make her a fortune. 251 00:21:02,762 --> 00:21:05,663 Guinan: What's the greatest country in the whole world? 252 00:21:05,665 --> 00:21:08,332 Women: America! 253 00:21:10,669 --> 00:21:12,703 Narrator: At guinan's 300 club, 254 00:21:12,705 --> 00:21:16,374 the roaring '20s reach a colorful crescendo. 255 00:21:21,714 --> 00:21:23,814 Parts of the United States are evolving 256 00:21:23,816 --> 00:21:25,816 faster than ever before. 257 00:21:28,988 --> 00:21:30,755 In the middle of the decade, 258 00:21:30,757 --> 00:21:33,658 a new technology will unite the country 259 00:21:33,660 --> 00:21:35,326 and create new heroes. 260 00:21:35,328 --> 00:21:36,961 Announcer: ...Dempsey's face. He lands a right. 261 00:21:36,963 --> 00:21:38,562 Then dempsey comes back! 262 00:21:38,564 --> 00:21:43,634 And...Now tunney is down! Tunney is down! 263 00:21:50,576 --> 00:21:55,079 Narrator: As 1925 begins, prosperity and new inventions 264 00:21:55,081 --> 00:21:58,649 revolutionize everyday life in America. 265 00:22:01,586 --> 00:22:04,555 Modern conveniences we now take for granted 266 00:22:04,557 --> 00:22:06,657 appear for the first time. 267 00:22:08,761 --> 00:22:11,996 Vacuum cleaners replace carpet beaters. 268 00:22:11,998 --> 00:22:14,965 Electric refrigerators, ovens, and washing machines 269 00:22:14,967 --> 00:22:17,001 save hours of work. 270 00:22:22,508 --> 00:22:26,110 But the invention that brings the whole country together... 271 00:22:26,112 --> 00:22:27,712 Is radio. 272 00:22:33,820 --> 00:22:36,454 This is radio row, 273 00:22:36,456 --> 00:22:38,689 New York City's cortlandt street, 274 00:22:38,691 --> 00:22:42,460 the world's largest collection of electronics stores. 275 00:22:42,462 --> 00:22:45,763 It will remain this way until 1966 276 00:22:45,765 --> 00:22:49,700 when it's leveled to make way for the world trade center. 277 00:22:49,702 --> 00:22:53,804 Shop after shop competes by selling different models. 278 00:22:55,774 --> 00:22:58,509 And here, actual sounds of street crowds 279 00:22:58,511 --> 00:23:00,544 listening to a radio broadcast. 280 00:23:12,624 --> 00:23:15,860 Advertisers quickly see new and exciting ways 281 00:23:15,862 --> 00:23:17,728 to reach a massive audience. 282 00:23:22,034 --> 00:23:24,735 On Christmas Eve, 1926, 283 00:23:24,737 --> 00:23:28,406 wheaties airs the first commercial jingle, 284 00:23:28,408 --> 00:23:33,778 and the cereal becomes the most popular in America. 285 00:23:38,751 --> 00:23:41,185 It's branded the "breakfast of champions" 286 00:23:41,187 --> 00:23:44,088 and soon features prominent sports figures on each box. 287 00:23:51,831 --> 00:23:54,965 For the first time, Americans can listen to sports events 288 00:23:54,967 --> 00:23:59,069 as they happen, anywhere in the country... 289 00:23:59,071 --> 00:24:03,073 Especially the national pastime, baseball. 290 00:24:03,075 --> 00:24:06,110 Players quickly become American heroes. 291 00:24:09,449 --> 00:24:14,718 None is bigger than babe Ruth. 292 00:24:14,720 --> 00:24:17,455 No radio recordings of games exist, 293 00:24:17,457 --> 00:24:19,723 and this footage is rare. 294 00:24:22,561 --> 00:24:25,029 Ruth starts his career as a pitcher, 295 00:24:25,031 --> 00:24:27,097 but soon evolves into the greatest slugger 296 00:24:27,099 --> 00:24:29,900 the game has ever seen. 297 00:24:33,138 --> 00:24:36,474 In 1920, his first season with the Yankees, 298 00:24:36,476 --> 00:24:39,543 he leads the league with 54 home runs. 299 00:24:43,583 --> 00:24:46,784 The next highest total is 19. 300 00:24:49,221 --> 00:24:51,822 Babe Ruth: So, honey, how'd you like that one? Huh? 301 00:24:51,824 --> 00:24:55,559 Narrator: He and his wife Claire are a glamorous power couple. 302 00:24:55,561 --> 00:24:56,794 Ruth: Well, I'm going out now 303 00:24:56,796 --> 00:24:58,128 and try to make another one for you. 304 00:24:58,130 --> 00:24:59,163 Alright, darling. 305 00:24:59,165 --> 00:25:00,531 Man: Peanuts, cigars! 306 00:25:02,000 --> 00:25:04,702 Narrator: He sets one of the game's greatest records 307 00:25:04,704 --> 00:25:06,971 in September of 1927 308 00:25:06,973 --> 00:25:10,207 by hitting 60 home runs in a single season. 309 00:25:14,146 --> 00:25:16,280 And the Yankees reward him with a contract 310 00:25:16,282 --> 00:25:19,650 for $80,000 per year-- 311 00:25:19,652 --> 00:25:23,621 an astronomical amount at that time. 312 00:25:33,699 --> 00:25:35,232 Announcer: Tunney tries his one-two... 313 00:25:35,234 --> 00:25:39,904 Narrator: By 1926, five million homes own a radio, 314 00:25:39,906 --> 00:25:42,106 a staggering increase on the 2,000 homes 315 00:25:42,108 --> 00:25:44,708 at the start of decade. 316 00:25:44,710 --> 00:25:46,677 Just in time for one of the century's 317 00:25:46,679 --> 00:25:50,314 greatest sporting controversies. 318 00:25:50,316 --> 00:25:55,185 Boxer Jack dempsey has won 66 bouts over 13 years. 319 00:25:58,023 --> 00:26:00,124 Born in poverty in Colorado, 320 00:26:00,126 --> 00:26:04,628 dempsey has Irish, cherokee, and Jewish ancestry. 321 00:26:04,630 --> 00:26:07,064 He's a strong offensive fighter, 322 00:26:07,066 --> 00:26:10,067 making it to the top through skill and guts. 323 00:26:15,808 --> 00:26:20,010 His 1921 victory over French boxer georges carpentier 324 00:26:20,012 --> 00:26:25,683 is the first million-dollar match. 325 00:26:25,685 --> 00:26:28,218 It turns him into a national star. 326 00:26:28,220 --> 00:26:30,321 Reporter: ...Of announcer Joe humphries died away, 327 00:26:30,323 --> 00:26:32,289 the Argentinian and the champion 328 00:26:32,291 --> 00:26:36,694 stage the most savage slugfest ever witnessed. 329 00:26:36,696 --> 00:26:40,331 Narrator: Dempsey doesn't believe in defense. 330 00:26:40,333 --> 00:26:44,335 Relentless attack is his style. 331 00:26:44,337 --> 00:26:45,970 Reporter: Murderous rights. 332 00:26:45,972 --> 00:26:50,741 Threw a left hook, crashed on firpo's body and jaw. 333 00:26:50,743 --> 00:26:53,844 Dempsey's pile-driving fists battered him to the canvas 334 00:26:53,846 --> 00:26:55,112 time and again. 335 00:26:55,114 --> 00:26:57,781 Narrator: The public loves it, and him. 336 00:26:57,783 --> 00:26:59,817 Reporter: He was up. Down again... 337 00:26:59,819 --> 00:27:02,786 Narrator: In 1926 he fights gene tunney, 338 00:27:02,788 --> 00:27:08,092 a former U.S. marine with 64 wins under his belt. 339 00:27:08,094 --> 00:27:12,396 Tunney shocks dempsey and the nation with his victory. 340 00:27:14,199 --> 00:27:16,800 A year later in 1927, 341 00:27:16,802 --> 00:27:21,138 50 million Americans tune in to the rematch in Chicago. 342 00:27:21,140 --> 00:27:24,942 This is the radio commentary they heard. 343 00:27:24,944 --> 00:27:25,976 Announcer: They're coming together. 344 00:27:25,978 --> 00:27:28,012 This is the seventh round. 345 00:27:28,014 --> 00:27:30,314 They're up. 346 00:27:30,316 --> 00:27:32,983 Dempsey came into tunney, both of them shot both hands... 347 00:27:32,985 --> 00:27:36,854 Narrator: Dempsey is in black shorts with a red trim. 348 00:27:36,856 --> 00:27:38,656 In the seventh round, he floors tunney. 349 00:27:38,658 --> 00:27:41,091 Announcer: He lands a right. Then dempsey comes back! 350 00:27:41,093 --> 00:27:45,929 And...Tunney is down! Tunney is down! 351 00:27:45,931 --> 00:27:50,334 From a barrage of lefts and rights to the face. 352 00:27:50,336 --> 00:27:52,336 Narrator: He's supposed to go to a neutral corner 353 00:27:52,338 --> 00:27:56,340 before the 10-second count can begin. 354 00:27:56,342 --> 00:28:01,045 But he doesn't move for four crucial seconds. 355 00:28:01,047 --> 00:28:03,347 It buys tunney extra time. 356 00:28:03,349 --> 00:28:07,151 He's down for a full 13 seconds before getting up. 357 00:28:07,153 --> 00:28:12,056 Announcer: A barrage of lefts and rights to the face. 358 00:28:12,058 --> 00:28:14,224 Narrator: It becomes known as the long count. 359 00:28:14,226 --> 00:28:16,026 Announcer: Dempsey is on the other side. 360 00:28:16,028 --> 00:28:19,897 In eight, nine, and tunney is up! 361 00:28:19,899 --> 00:28:23,400 And now they're at it again. Tunney... 362 00:28:23,402 --> 00:28:27,271 Narrator: The fight continues, and tunney wins on points, 363 00:28:27,273 --> 00:28:30,908 despite being down longer than the allowed count of 10. 364 00:28:30,910 --> 00:28:35,245 Announcer: Over, it's all out, and dempsey is practically... 365 00:28:35,247 --> 00:28:36,880 Narrator: Ignoring a press storm, 366 00:28:36,882 --> 00:28:40,751 dempsey accepts the decision gracefully. 367 00:28:40,753 --> 00:28:42,920 His attitude in defeat is applauded 368 00:28:42,922 --> 00:28:44,722 and made famous by the radio. 369 00:28:44,724 --> 00:28:46,490 He retires at age 33 370 00:28:46,492 --> 00:28:50,360 a wealthy, popular symbol of the American dream. 371 00:28:57,403 --> 00:28:59,436 World-beating sports stars, 372 00:28:59,438 --> 00:29:03,273 technological innovation and a booming economy. 373 00:29:05,043 --> 00:29:09,513 By the mid-1920s the country is brimming with confidence. 374 00:29:11,950 --> 00:29:15,486 But nature is about to deliver a shattering blow 375 00:29:15,488 --> 00:29:18,489 to one its greatest success stories. 376 00:29:27,398 --> 00:29:32,302 It's 1926, and Miami's economy is soaring, 377 00:29:32,304 --> 00:29:35,873 fueled by northerners attracted to its tropical climate 378 00:29:35,875 --> 00:29:38,142 and pristine beaches. 379 00:29:40,411 --> 00:29:42,913 Through the decade, the population grows 380 00:29:42,915 --> 00:29:48,385 from 30,000 to over 100,000 residents. 381 00:29:48,387 --> 00:29:52,790 Its blue skies, crystal waters and swaying palm trees 382 00:29:52,792 --> 00:29:56,026 make it the winter party destination for the wealthy. 383 00:30:03,134 --> 00:30:07,337 On September 17th, sun worshippers have no idea 384 00:30:07,339 --> 00:30:11,141 that a devastating hurricane is sweeping their way. 385 00:30:14,445 --> 00:30:18,215 That night a 60-mile-wide category 4 hurricane 386 00:30:18,217 --> 00:30:21,385 smashes into the city. 387 00:30:21,387 --> 00:30:28,458 Nearly 400 people are killed and 43,000 left homeless. 388 00:30:28,860 --> 00:30:32,596 News cameraman Ralph earle is trapped for six hours 389 00:30:32,598 --> 00:30:36,233 capturing these images of Miami underwater. 390 00:30:40,306 --> 00:30:44,908 It is perhaps the earliest known storm-chasing footage. 391 00:30:51,516 --> 00:30:55,519 Earle, on the left, flies his shocking footage himself 392 00:30:55,521 --> 00:30:58,222 to be distributed to the 20,000 movie theaters 393 00:30:58,224 --> 00:31:00,157 across the country. 394 00:31:13,305 --> 00:31:17,341 The rebuilding cost reaches $109 million-- 395 00:31:17,343 --> 00:31:20,277 $165 billion today... 396 00:31:23,248 --> 00:31:26,149 Worse even than hurricane Katrina. 397 00:31:33,258 --> 00:31:37,327 The university of Miami had just opened a year earlier 398 00:31:37,329 --> 00:31:42,399 and christened its teams the hurricanes. 399 00:31:42,401 --> 00:31:46,370 As Miami rebuilds, a thousand miles to the north, 400 00:31:46,372 --> 00:31:51,441 one man sets out to prove that the nation's spirit is unbroken. 401 00:31:53,578 --> 00:31:58,048 This is 24-year-old Charles Lindbergh in 1926, 402 00:31:58,050 --> 00:32:02,085 the aviator's earliest known film footage. 403 00:32:02,087 --> 00:32:05,122 He's just a year out of army flight training school 404 00:32:05,124 --> 00:32:07,324 and already dreaming of making history. 405 00:32:13,933 --> 00:32:17,434 Lindbergh wants to win a $25,000 prize 406 00:32:17,436 --> 00:32:23,307 for the first solo non-stop flight from New York to Paris. 407 00:32:23,309 --> 00:32:26,476 At stake is the future of air travel. 408 00:32:26,478 --> 00:32:31,114 Transatlantic ocean liners are safe and reliable but slow. 409 00:32:31,116 --> 00:32:35,118 Planes are considered too dangerous. 410 00:32:35,120 --> 00:32:36,720 Six pilots have already died 411 00:32:36,722 --> 00:32:39,456 attempting the 3,600-mile crossing. 412 00:32:46,564 --> 00:32:50,567 Long island, may 20, 1927. 413 00:32:50,569 --> 00:32:53,503 Lindbergh readies the spirit of St. Louis, 414 00:32:53,505 --> 00:32:56,506 his $10,000 custom-built monoplane. 415 00:33:11,223 --> 00:33:14,224 500 spectators have gathered to see him off. 416 00:33:14,226 --> 00:33:16,660 On board, he's packed five ham sandwiches 417 00:33:16,662 --> 00:33:18,362 to keep him going. 418 00:33:25,037 --> 00:33:28,605 At 7:52 A.M., he's off, 419 00:33:28,607 --> 00:33:31,108 and after a few bounces, aloft, 420 00:33:31,110 --> 00:33:34,444 just barely clearing telephone lines. 421 00:33:37,048 --> 00:33:40,517 He will be in the air for 33 and a half hours 422 00:33:40,519 --> 00:33:44,021 with no radio and only a compass. 423 00:33:44,023 --> 00:33:47,190 The press dub him "the flying fool." 424 00:33:51,230 --> 00:33:53,563 At 10:24 P.M. in Paris, 425 00:33:53,565 --> 00:33:57,467 tens of thousands witness his triumphant night landing. 426 00:34:07,646 --> 00:34:12,049 Instantly the 25-year-old pilot, now dubbed "lucky Lindy," 427 00:34:12,051 --> 00:34:16,620 becomes the most famous American in the world. 428 00:34:18,757 --> 00:34:21,558 President coolidge orders the u.S.S. Memphis 429 00:34:21,560 --> 00:34:23,360 to bring him back to New York in style. 430 00:34:42,581 --> 00:34:44,848 Four million people line fifth Avenue 431 00:34:44,850 --> 00:34:47,451 for a ticker tape parade. 432 00:34:51,389 --> 00:34:56,693 He epitomizes the nation-- young, handsome, and brave. 433 00:34:56,695 --> 00:35:00,630 And his daring feat proves that flight is the future of travel. 434 00:35:04,803 --> 00:35:08,105 Congress awards Lindbergh the medal of honor, 435 00:35:08,107 --> 00:35:09,439 and the following year he becomes 436 00:35:09,441 --> 00:35:12,709 time magazine's first-ever man of the year. 437 00:35:22,721 --> 00:35:24,421 For three months he tours the country, 438 00:35:24,423 --> 00:35:26,389 visiting every state. 439 00:35:26,391 --> 00:35:30,660 One in four Americans sees Lindy on his guggenheim tour. 440 00:35:30,662 --> 00:35:34,364 The hinds family from Portland, Maine, is among them. 441 00:35:36,567 --> 00:35:40,403 On July 24th they capture Lindbergh's arrival in Portland 442 00:35:40,405 --> 00:35:42,239 in a home movie. 443 00:35:47,279 --> 00:35:49,179 The hinds have profited from creating 444 00:35:49,181 --> 00:35:52,182 a successful hand cream business. 445 00:35:52,184 --> 00:35:54,618 A new generation of women wanting their product 446 00:35:54,620 --> 00:35:56,553 and the power of mass production 447 00:35:56,555 --> 00:35:59,890 has made them and others rich, 448 00:35:59,892 --> 00:36:02,592 and utterly transformed America. 449 00:36:13,672 --> 00:36:17,474 There are now 20 million cars crowding into American cities. 450 00:36:21,246 --> 00:36:23,547 Accidents become common, 451 00:36:23,549 --> 00:36:26,616 as pedestrians have to learn to watch out for cars, 452 00:36:26,618 --> 00:36:28,552 and vice versa. 453 00:36:28,554 --> 00:36:30,921 There's no such thing as a driver's test. 454 00:36:36,662 --> 00:36:39,429 Faced with this new threat to public safety, 455 00:36:39,431 --> 00:36:43,200 authorities turn to innovation, like the traffic light, 456 00:36:43,202 --> 00:36:45,869 as seen here on New York's fifth Avenue. 457 00:36:49,340 --> 00:36:51,908 Soon traffic cops and stop signs 458 00:36:51,910 --> 00:36:54,744 begin to appear throughout the country. 459 00:36:58,449 --> 00:37:02,819 Still, fatalities increase from 12,000 in 1920 460 00:37:02,821 --> 00:37:05,989 to over 30,000 by the end of the decade. 461 00:37:09,427 --> 00:37:12,529 Education campaigns try to highlight the dangers 462 00:37:12,531 --> 00:37:15,232 by putting totaled cars on display, 463 00:37:15,234 --> 00:37:17,834 some even shaming the drivers. 464 00:37:23,674 --> 00:37:25,275 In Portland, Maine, 465 00:37:25,277 --> 00:37:29,246 the hinds family shares in the national tragedy. 466 00:37:32,851 --> 00:37:35,752 Their son William is seen here in home movie footage 467 00:37:35,754 --> 00:37:38,922 at age five in 1924. 468 00:37:42,894 --> 00:37:46,329 A year later, a Ford model t strikes and kills him 469 00:37:46,331 --> 00:37:48,298 on Vaughan street. 470 00:37:53,472 --> 00:37:55,005 He's the fourth boy in the area 471 00:37:55,007 --> 00:37:58,608 to be struck by a car within 24 hours. 472 00:38:03,347 --> 00:38:08,285 But car culture isn't the only trend shaping the country. 473 00:38:08,287 --> 00:38:10,787 A soaring economy has construction 474 00:38:10,789 --> 00:38:13,990 reaching for the sky. 475 00:38:13,992 --> 00:38:18,328 In Manhattan, a series of ambitious skyscrapers rise up, 476 00:38:18,330 --> 00:38:20,597 each competing to claim the title 477 00:38:20,599 --> 00:38:23,466 of tallest in the world. 478 00:38:23,468 --> 00:38:26,369 The Chrysler building becomes the first man-made structure 479 00:38:26,371 --> 00:38:28,672 to breach 1,000 feet. 480 00:38:31,776 --> 00:38:34,711 It's a leading example of art deco architecture 481 00:38:34,713 --> 00:38:37,480 that remains iconic to this day. 482 00:38:39,650 --> 00:38:42,519 This is rare footage of its famous eagles 483 00:38:42,521 --> 00:38:46,790 being installed on the 61st floor. 484 00:38:46,792 --> 00:38:51,361 Like the statue of Liberty, they're thinner than they seem. 485 00:38:59,070 --> 00:39:00,970 The working men who construct the buildings, 486 00:39:00,972 --> 00:39:04,974 known as roughnecks, are a special breed. 487 00:39:04,976 --> 00:39:08,511 Man: Ok, let the eagle scream. 488 00:39:08,513 --> 00:39:10,113 Pretty high up there. 489 00:39:10,115 --> 00:39:11,881 Narrator: They work without harnesses, 490 00:39:11,883 --> 00:39:14,117 safety ropes or hard hats, 491 00:39:14,119 --> 00:39:16,820 spending eight-hour shifts in the clouds 492 00:39:16,822 --> 00:39:19,422 with no bathroom breaks. 493 00:39:22,927 --> 00:39:27,097 Workers fling red-hot rivets by hand through the air. 494 00:39:34,739 --> 00:39:37,907 These jobs are so dangerous that two out of five 495 00:39:37,909 --> 00:39:41,411 fall to their deaths or end up disabled. 496 00:39:44,148 --> 00:39:46,750 Across town on 34th street, 497 00:39:46,752 --> 00:39:48,418 construction begins 498 00:39:48,420 --> 00:39:51,621 on an enormous 102-floor office building, 499 00:39:51,623 --> 00:39:55,759 intended to be a symbol of New York's wealth and power. 500 00:39:58,396 --> 00:40:00,830 Former New York governor al Smith 501 00:40:00,832 --> 00:40:03,466 actively promotes the construction. 502 00:40:03,468 --> 00:40:06,770 Al Smith: As fast as human ingenuity, brains and ability 503 00:40:06,772 --> 00:40:08,605 can bring it about, 504 00:40:08,607 --> 00:40:12,776 there will tower on this corner the empire state, incorporated, 505 00:40:12,778 --> 00:40:16,479 the largest office building in the world. 506 00:40:16,481 --> 00:40:19,649 Narrator: But the boom is a bubble about to burst. 507 00:40:27,525 --> 00:40:30,894 Nearly 80% of goods are bought on credit, 508 00:40:30,896 --> 00:40:35,198 and most Americans have no savings at all. 509 00:40:35,200 --> 00:40:39,068 Consumers are stretching themselves thin. 510 00:40:39,070 --> 00:40:41,104 And with a runaway bull market, 511 00:40:41,106 --> 00:40:45,542 few realize what's about to come. 512 00:40:45,544 --> 00:40:49,078 The skyscrapers crown a hollow economy 513 00:40:49,080 --> 00:40:52,949 that is about to spin dangerously out of control. 514 00:41:00,225 --> 00:41:06,830 In 1927, much of America looks like smooth sailing. 515 00:41:06,832 --> 00:41:08,698 Like the mighty Mississippi, 516 00:41:08,700 --> 00:41:14,504 the country seems to be flowing toward a prosperous future. 517 00:41:14,506 --> 00:41:17,507 For generations, Americans have built their livelihoods 518 00:41:17,509 --> 00:41:20,210 along their longest river, 519 00:41:20,212 --> 00:41:22,712 stretching more than 2,300 miles 520 00:41:22,714 --> 00:41:27,951 from northern Minnesota to the Gulf of Mexico. 521 00:41:27,953 --> 00:41:33,122 The river offers jobs, food, and a distinctive way of life, 522 00:41:33,124 --> 00:41:35,825 all protected by a system of levees 523 00:41:35,827 --> 00:41:39,596 that aim to control the river's flow. 524 00:41:39,598 --> 00:41:44,501 But nature is about to show the limits of human intervention. 525 00:41:44,503 --> 00:41:46,636 Eight months of extreme rainfall 526 00:41:46,638 --> 00:41:50,540 swell the river to unprecedented levels. 527 00:41:50,542 --> 00:41:55,111 Then, on April 21st, the waters burst through the levees. 528 00:41:57,548 --> 00:42:02,085 The devastation is staggering. 529 00:42:02,087 --> 00:42:04,521 An area the size of new england, 530 00:42:04,523 --> 00:42:09,125 over 70,000 square miles, is underwater. 531 00:42:09,127 --> 00:42:13,129 A thousand are dead-- mostly black families. 532 00:42:13,131 --> 00:42:15,798 700,000 are homeless, 533 00:42:15,800 --> 00:42:20,670 and there are more than $1 billion in damages. 534 00:42:20,672 --> 00:42:23,072 This is the U.S. army signal corps footage 535 00:42:23,074 --> 00:42:25,308 of the aftermath. 536 00:42:28,012 --> 00:42:30,914 In all, 10 states are affected, 537 00:42:30,916 --> 00:42:33,616 with a fifth of Arkansas underwater. 538 00:42:40,991 --> 00:42:43,660 Nevertheless, president coolidge refuses 539 00:42:43,662 --> 00:42:47,163 to commit federal money to help. 540 00:42:47,165 --> 00:42:48,898 He believes disaster relief 541 00:42:48,900 --> 00:42:51,868 is the job of charities and private business, 542 00:42:51,870 --> 00:42:53,670 not government. 543 00:42:59,177 --> 00:43:03,046 Temporary camps are set up in the disaster zone. 544 00:43:06,717 --> 00:43:08,952 But many opt to migrate north 545 00:43:08,954 --> 00:43:11,754 rather than to stay and try to rebuild. 546 00:43:15,292 --> 00:43:18,828 The great Mississippi flood serves as a warning 547 00:43:18,830 --> 00:43:21,864 of how fast fortunes can change. 548 00:43:27,372 --> 00:43:29,105 But for much of the country, 549 00:43:29,107 --> 00:43:32,141 the good times keep rolling along. 550 00:43:33,677 --> 00:43:35,812 Wall street is booming. 551 00:43:48,093 --> 00:43:49,826 Trading volumes are so high 552 00:43:49,828 --> 00:43:52,829 that in 1928 the New York stock exchange 553 00:43:52,831 --> 00:43:57,166 introduces tickers that can print 500 characters a minute-- 554 00:43:57,168 --> 00:44:00,203 twice as fast as before. 555 00:44:00,205 --> 00:44:03,940 Millions of investors are out to get rich quick, 556 00:44:03,942 --> 00:44:07,677 often by borrowing money and buying on margin. 557 00:44:07,679 --> 00:44:13,683 For the first time, Americans can buy now and pay later. 558 00:44:13,685 --> 00:44:16,319 But the market gains are driven by optimism, 559 00:44:16,321 --> 00:44:19,155 not on the strength of the companies. 560 00:44:21,158 --> 00:44:22,825 Few worry. 561 00:44:22,827 --> 00:44:24,227 As long as there are buyers, 562 00:44:24,229 --> 00:44:28,898 it seems like a license to print money. 563 00:44:28,900 --> 00:44:35,438 By September 1929, the dow Jones has tripled since 1924. 564 00:44:35,440 --> 00:44:39,008 It seems like the bull market will last forever. 565 00:44:44,716 --> 00:44:46,449 What most investors don't know 566 00:44:46,451 --> 00:44:50,253 is there are too many goods to sell. 567 00:44:50,255 --> 00:44:53,356 Total car sales have dropped 30%. 568 00:44:53,358 --> 00:44:57,927 In Detroit, unsold cars pile up in scrap yards. 569 00:45:09,774 --> 00:45:11,274 At the sound of the opening bell 570 00:45:11,276 --> 00:45:15,178 on Thursday, October the 24th, 1929, 571 00:45:15,180 --> 00:45:20,116 there are no buyers, only sellers. 572 00:45:20,118 --> 00:45:24,053 The market falls by 11%. 573 00:45:24,055 --> 00:45:29,025 In two hours $9 billion is lost. 574 00:45:29,027 --> 00:45:31,060 Terrified banks recall payment 575 00:45:31,062 --> 00:45:33,396 from traders who have borrowed money. 576 00:45:37,368 --> 00:45:42,939 Most can't pay, leaving the banks in crisis. 577 00:45:44,309 --> 00:45:46,075 On Tuesday the 29th, 578 00:45:46,077 --> 00:45:50,279 the New York stock exchange goes into a total spiral. 579 00:45:50,281 --> 00:45:53,983 Brokers beg to sell at any price. 580 00:45:53,985 --> 00:45:58,454 It comes to be known as black Tuesday. 581 00:45:58,456 --> 00:46:03,826 $25 billion evaporate almost overnight. 582 00:46:03,828 --> 00:46:07,363 This isn't just about wall street. 583 00:46:07,365 --> 00:46:11,334 Banks will shut down all across the country. 584 00:46:11,336 --> 00:46:17,006 $140 billion in savings will disappear. 585 00:46:17,008 --> 00:46:20,276 Ordinary people are ruined. 586 00:46:22,913 --> 00:46:26,282 Assistant secretary of commerce Julius klein 587 00:46:26,284 --> 00:46:30,820 reaches out through radio to restore calm. 588 00:46:30,822 --> 00:46:34,390 Julius klein: And regardless of regrettable stock market gyrations, 589 00:46:34,392 --> 00:46:39,128 the position of commerce and industry throughout the country 590 00:46:39,130 --> 00:46:42,431 is fundamentally sound. 591 00:46:42,433 --> 00:46:44,200 Narrator: He's wrong. 592 00:46:44,202 --> 00:46:46,135 After the roaring '20s, 593 00:46:46,137 --> 00:46:48,571 Americans will come to know their next chapter 594 00:46:48,573 --> 00:46:50,506 as the great depression. 595 00:46:56,114 --> 00:46:58,848 It's a defining time for a young nation, 596 00:46:58,850 --> 00:47:01,017 and she will revive, 597 00:47:01,019 --> 00:47:03,452 but the future will not be easy. 598 00:47:09,260 --> 00:47:11,360 When the giant empire state building opens 599 00:47:11,362 --> 00:47:14,897 the following year, it has few tenants. 600 00:47:14,899 --> 00:47:18,100 Smith: We are about to officially open 601 00:47:18,102 --> 00:47:20,269 the empire state building, 602 00:47:20,271 --> 00:47:25,208 the largest and most beautiful office building in the world. 603 00:47:25,210 --> 00:47:27,510 Narrator: It stands lifeless, 604 00:47:27,512 --> 00:47:32,481 mocked as the empty state building. 605 00:47:32,483 --> 00:47:36,352 It will take two full decades, until 1950, 606 00:47:36,354 --> 00:47:38,154 before it turns a profit. 607 00:47:48,632 --> 00:47:50,967 America's 10-year party 608 00:47:50,969 --> 00:47:53,402 has led to a hangover affecting millions. 609 00:47:58,242 --> 00:48:02,345 It's the greatest boom to bust in history. 48570

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