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Apr 13, 2018 · The market officially peaked on September 3, 1929, when the Dow shot up to 381. By this time, many ordinary working-class citizens had become interested in stock investments, and some purchased...
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Mar 27, 2024 · 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
Mar 16, 2023 · By. Will Kenton. Updated March 16, 2023. Reviewed by Andy Smith. Fact checked by Kirsten Rohrs Schmitt. What Was the Stock Market Crash of 1929? The stock market crash of 1929 began on "Black...
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May 10, 2010 · Black Tuesday. On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost,...
Academic debate. See also. References. Further reading. External links. Wall Street Crash of 1929. Crowd gathering on Wall Street after the 1929 crash. 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.
Nov 22, 2013 · Share prices rose to unprecedented heights. 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.
Feb 27, 2024 · Key Takeaways. In October of 1929, the stock market crashed, wiping out billions of dollars of wealth and heralding the Great Depression. Known as Black Thursday, the crash...
