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The Wall Street Crash of 1929, also known as the Great Crash or the Crash of '29, was a major American stock market crash that occurred in the autumn of 1929. It began in September , when share prices on the New York Stock Exchange (NYSE) collapsed, and ended in mid-November.
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stock market crash of 1929, a sharp decline in U.S. stock market values in 1929 that contributed to the Great Depression of the 1930s. The Great Depression lasted approximately 10 years and affected both industrialized and nonindustrialized countries in many parts of the world. New York Stock Exchange, late 1920s.
- The Editors of Encyclopaedia Britannica
May 10, 2010 · The Stock Market Crash of 1929 occurred on October 29, 1929, when Wall Street investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars...
Mar 16, 2023 · Key Takeaways. The stock market crash of 1929 began on "Black Monday," Oct. 28, 1929, when panicked investors sent the DJIA plunging nearly 13% in heavy trading. The 1929 crash followed a decade...
- Will Kenton
Nov 22, 2013 · The Dow Jones Industrial Average increased six-fold from sixty-three in August 1921 to 381 in September 1929. After prices peaked, economist Irving Fisher proclaimed, “stock prices have reached ‘what looks like a permanently high plateau.’” 1. The epic boom ended in a cataclysmic bust.
The Wall Street Crash was the U.S. Stock Market crash of October 29, 1929, which triggered the Great Depression. Causes. Stock-exchange speculation led hundreds of thousands of Americans to invest heavily in the stock market, creating an economic bubble. Many were borrowing money to buy more stocks.
Apr 13, 2018 · The stock market crash of 1929—considered the worst economic event in world history—began on Thursday, October 24, 1929, with skittish investors trading a record 12.9 million shares. On...