Facts on the stock market crash in 1929

The Wall Street Crash of was the greatest stock market crash in the history of the United States. It happened in the New York Stock Exchange on Tuesday October 29,now known as Black Tuesday. The crash signalled the beginning of the year Great Depression that affected all Western industrialized countries. More than 13 million people had unemployment coming to them after the banks crashed. Stock-exchange speculation led hundreds of thousands of Americans to invest heavily in the stock market.

Many were borrowing money to buy more stocks. The amount of money out on loan was more than the entire amount of currency circulating in the U. From Wikipedia, the free encyclopedia.

Archived from the original on May 25, Retrieved January 29, The cause and consequences of the Great Depression, part 1: What made facts on the stock market crash in 1929 roaring '20s roar. The Intellectual ActivistJune p Retrieved 30 September Retrieved from " facts on the stock market crash in 1929 Navigation menu Personal tools Not logged in Talk Contributions Create account Log in.

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