Tuesday, October 29, 2013

BLACK TUESDAY ~ October 29, 1929

The Wall Street Crash of 1929,also known as the Great Crash or the Stock Market Crash of 1929, was the most devastating stock market crash in the history of the United States, taking into consideration the full extent and duration of its fallout.

Four phrases—
Black Thursday,
Black Friday, then Black Monday, and Black Tuesday—are commonly used to describe this collapse of stock values. All four are appropriate, for the crash was not a one-day affair. The initial crash occurred on Thursday, October 24, 1929, but the catastrophic downturn of Monday, October 28 and Tuesday, October 29 precipitated widespread alarm and the onset of an unprecedented and long-lasting economic depression for the United States and the world. This stock market collapse continued for a month.

"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 M. Salsman

Image & Text:wikipedia.com

My Dad, Sherry Bell, was a senior in college when the stock market crashed in 1929.

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