Disaster had struck on October 29, 1929. Some people called it
Black Tuesday, others the Crash. It was the end of America's good
times in the 1920s. The economy failed, and suddenly millions of
people were out of work. At first, Jim thought that the problem
wouldn't last long. But then his bank closed and his taxi company
went out of business. By 1932, the Braddocks had lost every cent
of Jim's boxing money