October 24th 1929: ‘Black Thursday’

On this day in 1929 the ‘Black Thursday’ stock market crash took place on the New York Stock Exchange, thus beginning the ‘Wall Street Crash’. This was the worst stock market crash in American history and heralded the beginning of the Great Depression. The 1920s had been seeing a period of prosperity and optimism but the markets had been unstable for a few days before the crash. On October 24th the market lost 11% of its value. Stocks continued to fall and in the ensuing Depression 25% of Americans were out of work.

10/24/13 at 3:18pm
1,050 notes
  1. the-story-of-the-people reblogged this from great-depression29 and added:
    Where it all began.
  2. pan85-blog reblogged this from pbsthisdayinhistory
  3. skyscrapper reblogged this from pbsthisdayinhistory
  4. blueberriesandblueskies reblogged this from takingbackmyfirstamendmentrights
  5. takingbackmyfirstamendmentrights reblogged this from twogirlsonemajor
  6. the-right-to-protest reblogged this from todayinhistory
  7. mrturtleismyfather reblogged this from dendroica
  8. true-antagonist reblogged this from meldatari
  9. teithio reblogged this from todayinhistory
  10. loftyguy2008 reblogged this from stellys
  11. stellys reblogged this from todayinhistory
  12. kingpegasus1 reblogged this from todayinhistory
  13. rebeccathehistorian reblogged this from todayinhistory
  14. iaintmessinwithdepression reblogged this from great-depression29
  15. mors-est reblogged this from zetsubounikki
  16. everythingswhatitseems reblogged this from cariadod
  17. cariadod reblogged this from meldatari
  18. meldatari reblogged this from todayinhistory
  19. levon76 reblogged this from blondesforreagan and added:
    The Great Depression didn’t really begin until 1931 when several banks in Germany collapsed. Collectively known as the...
  20. hi-its-meee reblogged this from blondesforreagan
  21. 1isztomania reblogged this from grritsallen
  22. blondesforreagan reblogged this from pbsthisdayinhistory
  23. intoxihate reblogged this from amorcondussenoiadunamorte
  24. old--fashioned reblogged this from meldatari
  25. zeff-y reblogged this from train-under-waterr
  26. train-under-waterr reblogged this from meldatari