The 1929 Crash of the Stock Marketplace

Posted on February 23, 2008
Filed Under Stock Markets |

There have been a couple of bad down times in the history of the United States stock market. But with that being said, none have been worse than the 1929 crash of the stock marketplace. When this happened, it threw the economy into a depression that would last for years on end. If you have ever heard the phrases “Black Tuesday” or “Black Thursday” you probably know a little bit about this crash of the stock market.

The initial crash of the marketplace started on Thursday October 24, 1929. But even though that day was bad, things got even worse a few days later on Tuesday October 29. This is when the seriousness of the 1929 crash of the stock marketplace really began to set in. The panic that ensued after this day swept the nation, and made things even worse than they already were. This collapse of the stock market continued day after day for a month. When everything was said and done, the Great Depression was well on its way.

Many days of an unstable market led up to this crash. Although it would have been difficult to predict such a dire situation, all of the writing was on the wall. Of course, nobody could have imagined that the 1929 crash of the stock marketplace would happen so fast and bring forth so many negative consequences.

All in all, the 1929 crash of the stock marketplace taught the people of the United States quite a bit. Hopefully this is something that the country will never have to deal with again.

Comments

Leave a Reply




Your Ad Here