Wall Street Crash of 1929

Wall Street Crash of 1929
Crowd outside nyse.jpg
Crowd gathering on Wall Street after the 1929 crash
DateSeptember 4 – November 13, 1929
TypeStock market crash
CauseFears of excessive speculation by the Federal Reserve

The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange collapsed.

It was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its aftereffects.[1] The Great Crash is mostly associated with October 24, 1929, called Black Thursday, the day of the largest sell-off of shares in U.S. history,[2][3] and October 29, 1929, called Black Tuesday, when investors traded some 16 million shares on the New York Stock Exchange in a single day.[4] The crash, which followed the London Stock Exchange's crash of September, signaled the beginning of the Great Depression.

  1. ^ Bone, James. "The beginner's guide to stock markets". The Times. London. Archived from the original on May 25, 2010. Retrieved January 29, 2012. The most savage bear market of all time was the Wall Street Crash of 1929–1932, in which share prices fell by 89 percent.
  2. ^ "The Stock Market Crash of 1929". Money-Zine. Retrieved March 18, 2015.
  3. ^ "Worst Stock Crash Stemmed by Banks; 12,894,650 Share Day Swaps Market", The New York Times, Friday, October 25, 1929. Retrieved November 27, 2020.
       • Shachtman, Tom. (1979). The Day America Crashed: A Narrative Account of the Great Stock Market Crash of October 24, 1929. Description. New York: G.P. Putnam. Retrieved November 27, 2020
  4. ^ Wanniski, Jude (1978). The Way the World Works. Gateway Editions. ISBN 0895263440.[page needed]

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