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Black Thursday, Thursday, October 24, 1929, the first day of the stock market crash of 1929, a catastrophic decline in the stock market of the United States that immediately preceded the worldwide Great Depression. That stock market crash (also called the Great Crash) is still considered the worst.
- What Happened
- Causes
- The Bottom Line
Even before the New York Stock Exchange (NYSE) opened, investors were panicky. The stock market had already fallen 21% since its record close of 381.2 on September 3, 1929. On October 3, 1929, the Washington Postexclaimed, "Stock Prices Crash in Frantic Selling." The next day, the New York Times warned, "Year's Worst Break Hits Stock Market." On Oc...
During the Roaring Twenties, investing in the stock market had become a national pastime. From 1922 until right before the crash, the stock market value increased by 219%.That was about 20% per year for seven years. Those who didn't have the cash to invest could borrow from their stockbroker "on margin." That meant they only had to put 10% to 20% d...
Black Thursday marked the day the Roaring 20s stock market bubble finally burst. This event ended a decade of rapid expansion of the U.S. stock market branded by wild speculation. At this point, stocks of companies were valued way over their actual worth in the face of declining production, low employment, and large debts. That day ushered in the w...
- Kimberly Amadeo
The Wall Street Crash of 1929, also known as the Great Crash, Crash of '29, or Black Tuesday, [ 1 ] was a major American stock market crash that occurred in late 1929. It began in September with a sharp decline in share prices on the New York Stock Exchange (NYSE), and ended in mid-November. The pivotal role of the 1920s' high-flying bull ...
Feb 25, 2019 · Based on statistics reported by Galbraith in The Great Crash 1929, the suicide rate in the United States increased from 17.0 per 100,000 people in 1929 to 21.3 in 1932 during the worst of the ...
May 10, 2010 · The Stock Market Crash of 1929 ushered in the Great Depression, as some 16 million shares were traded on Black Tuesday, Oct. 29, 1929, wiping out many investors. ... Black Thursday, a record ...
Apr 14, 2023 · Black Thursday is considered the first day of the Stock Market Crash of 1929, which lasted until Oct. 29, marking the end of a decade-long bull market and the onset of the Great Depression.
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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.
