2006-11-16 11:09:30 · 5 answers · asked by Kristina R 2 in Arts & Humanities ➔ History
http://education.yahoo.com/reference/encyclopedia/entry/GreatDep
2006-11-16 11:12:05 · answer #1 · answered by St♥rmy Skye 6 · 0⤊ 0⤋
Stock Market Crash Oct 24, 1929
"The Wall Street Crash of 1929, also called the Great Crash or the Crash of '29, was the stock-market crash that occurred in late October 1929. It started on October 24 ("Black Thursday") and continued through October 29, 1929 ("Black Tuesday"), when share prices on the New York Stock Exchange (NYSE) collapsed. However, the days leading up to the 29th had also seen enormous stock-market upheaval, with panic selling and vast levels of trading interspersed with brief periods of recovery.
“ Anyone who bought stocks in mid-1929 and held on to them saw most of his adult life pass by before getting back to even. ”
— Richard M. Salsman
The Dow Jones Industrial Average recovered early in 1930, only to reverse once again, eventually hitting the bottom of the bear market in 1932. After 1930, the market did not come back to pre-1929 levels until 1955"
2006-11-16 19:11:13 · answer #2 · answered by YRofTexas 6 · 1⤊ 0⤋
world war one ended, and the countries exporting and importing were in debt so no products were going around, the whole world was in depression, stock market crashing
2006-11-16 19:12:44 · answer #3 · answered by Anonymous · 1⤊ 0⤋
The stock market crashed, and although some brokers tried to
save the market, it was to little to late.
2006-11-16 20:09:18 · answer #4 · answered by producer_vortex 6 · 0⤊ 1⤋
the stock market was failing due to WW2, the whole country had an effect and as a result people started killing themselves as they couldn't make a living
2006-11-16 19:12:17 · answer #5 · answered by hellraiza15 3 · 0⤊ 4⤋