how many point did it go down to make it crash. this caused the great depression how many points did it go down???
2007-02-28 10:12:21 · 5 answers · asked by Anonymous in Arts & Humanities ➔ History
It dropped from 400 to 145 points, but it's more a question of degree of drop (that's almost a 50% drop, compared to the 3% drop of yesterday). See http://www.stock-market-crash.net/1929.htm
2007-02-28 10:17:43 · answer #1 · answered by Tony 5 · 0⤊ 0⤋
It dropped about as many point as it fell yesterday, but the drop was a much higher percentage of the overall value of the stock market at the time.
2007-02-28 10:20:36 · answer #2 · answered by Andrew Noselli 3 · 0⤊ 0⤋
well, economy in US was going soo good, because US was selling things to europe after it was destroyed from WWI. then all the stock was great and even normal people not in corporations started to buy. then when economy in europe got better they didnt need american help as much, and stock price got slitely down, but many people was just too dumb to find out, but who knew wat was going on sold all of their stock, and many copyed the smart ones, and everyone just sold their stock, causing the backbone money for the corporations to collapes, and they all had to get rid of their workers, and the Great Depression hit US.
lol points? i dont know lol
2007-02-28 10:19:17 · answer #3 · answered by cb450t 3 · 0⤊ 0⤋
points don't really matter since it won't compare to today.. it went down 12% on that first day and then tumbled to 89% by the end. i think the other day it went down either 4 or 6%
2007-02-28 10:18:14 · answer #4 · answered by Anonymous · 1⤊ 0⤋
a lot
2007-02-28 13:15:10 · answer #5 · answered by logan_hart_90 2 · 0⤊ 1⤋