The Stock Market Crash of 1929 was the most devastating stock market crash in the history of the United States. This crash was not a one-day affair. And it was a long-lasting economic depression for the United States as well as the rest of the world. The stock market collapse continued for nearly a month.
The decade that led up to the crash,was a time of wealth and surplus, and many believed that the market could maintain high price levels.
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October 28, 1929
-38.33
-12.82
260.64
October 29, 1929
-30.57
-11.73
230.07
-Wall Street Journal. http://online.wsj.com.
"Anyone who bought stocks in mid-1929 and held onto them saw most of his or her adult life pass by before getting back to even" -Richard Salsman.
The 1929 stock market crash and the Great Depression are together know to be the biggest financial crisis of the 20th century!
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