Stock market crash of 1929 newspaper headlines for dating
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The stock market crash is conventionally said to have occurred on Thursday the 24 th and Tuesday the 29 th of October. At the end of the market day on Thursday, October 24, the market was at On this day the market fell 33 points — a drop of 9 percent — on trading that was approximately three times the normal daily volume for the first nine months of the year. By all accounts, there was a selling panic. By November 13, , the market had fallen to
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The 1929 Stock Market Crash
The Stock Market Crash - Chicago Tribune
This article may feature affiliate links to Amazon. Qualifying purchases made via these links may earn us a small commission at no additional cost to you. Find out more here. The Great Depression began in when, in a period of ten weeks, stocks on the New York Stock Exchange lost 50 percent of their value. As stocks continued to fall during the early s, businesses failed, and unemployment rose dramatically.
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Recalling a steeper stock market plunge
Despite the wild ride our retirement accounts took this month, knock wood it wasn't the week that was — in October On Tuesday, Wall Street rallied, at least temporarily, and then yo-yo'd through the week. On Oct. Combined with the previous day's hammering, the stock market lost a quarter of its value in trading so wild the telegraph couldn't keep up with desperate investors' sell orders.
Bankers and brokers on LaSalle Street thought the town's hoodlums were shooting their way into brokerage offices and promptly called police. The noise reverberating in the canyon of office towers turned out to be a boy's firecracker. All the police found were law-abiding citizens with nerves rubbed raw by the October stock market crash. No one living through the market break, which began in earnest a week earlier and reached its biggest one-day loss on this date, realized what was happening. The market had peaked in early September and days of wild selling often were followed by equally frenzied "bargain-hunting" rallies.