Want this question answered?
Thursday, October 24, 1929.
October 1929
october, 1929
October 24, 1929 (Black Thursday)
Black Tuesday
October 1929.
It was the stock market where company shares were bought and sold.
Thursday, October 24, 1929 : One week before the Wall Street Crash, an indication of things to come occurred on "Black Thursday" when investors on the New York Stock Exchange dumped 13 million shares, causing share values to plummet.
October 1929 is best known for the Great Crash on the stock exchange.
Thursday, October 24, 1929.
October 1929
october, 1929
Black Tuesday starsuite
Wall Street Crash of 1929
October 24, 1929 (Black Thursday)
Wall Street crash that marked the beginning of the Great Depression
AnswerA decade of overproduction, vastly overextended credit, uncontrolled spending, and a get-rich-quick philosophy ended very abruptly. On October 24, 1929, excessive selling dropped prices to dangerous levels. Disaster struck on October 29,1929, when frantic stockholders offered 16,410,000 shares for sale at almost giveaway prices. Some stocks could not be sold at any price. The collapse of the stock marketcaused hundreds of thousands of stockholders to become bankrupt. The stock market crash greatly affected the financial community, particularly Wall Street, and marked the start of the worst economic depression in the history of the United States.