Stock Market Crash
Black Tuesday, Oct. 29, 1929
Notes:
- Dow Jones Industrial average collapsed
- Continued selloff took place until 1932 when the DJIA was 89% of its 1929 peak
- People threw themselves out of buildings
- Businesses go bankrupt
- Banks close
- Depression begins
SUMMARY :
Due to the amount of people invested in the stocks the day it crashed on Oct. 29, 1929 had a major impact on the lives and economy of many. The day of this crash is known as Black Tuesday. This was a major factor leading up to the great depression.
Quotes:
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute"
William Feather
William Feather
Subjunctive questions:
If the stock market had not crashed how would have history played out?