"I Was Never Sorry Movies
Started To Talk"
At didn't please Will to have to say, "I told you so." But he had been hinting for months that America was on the wrong track. Now, the stock-market crash had proven his lugubrious assessment to be true. On black Thursday, October 29, Will happened to be in New York. "You had to stand on line to get a window to jump out of," he said, with asperity, "and speculators were selling space for bodies in the East River."
In short order, Herbert Hoover, the unsmiling engineer who had won the presidency in 1928 with 58 percent of the popular vote, and a 407-to-69 margin over Al Smith in the electoral college, became a symbol of hard times. "Poverty will be banished from the nation forever," Hoover had promised in 1928, but now his empty words were cause for harsh laughter. To Will, Hoover became "Doctor Catastrophe." In fact, when Hoover returned to Washington after a visit to a flood area, Will announced that "Bert is just resting between disasters."
Will had warned Eddie Cantor and other friends to get out of the stock market; instead, they compulsively stayed in it, up to their necks. Like millions of other Americans, Cantor thought the good times of the Jazz Age