Wall Street Crash of 1929

The Wall Street Crash of 1929, also known as a Great Crash, was the major American stock market crash that occurred in the autumn of 1929. It started in September & ended behind in October, when share prices on the New York Stock Exchange collapsed.

It was the almost devastating stock market crash in the history of the United States, when taking into consideration the full extent as well as duration of its aftereffects. The Great Crash is mostly associated with October 24, 1929, called Black Thursday, the day of the largest sell-off of shares in U.S. history, and October 29, 1929, called Black Tuesday, when investors traded some 16 million shares on the New York Stock Exchange in a single day. The crash, which followed the London Stock Exchange's crash of September, signaled the beginning of the Great Depression.

Crash

Selling intensified in mid-October. On October 24, "Black Thursday", the market lost 11% of its return at the opening bell on very heavy trading. The huge volume meant that the description of prices on the ]

With the bankers' financial resources behind him, Whitney placed a bid to purchase 25,000 shares of ]

On October 28, "Black Monday", more investors facing margin calls decided to receive out of the market, and the slide continued with a record damage in the Dow for the day of 38.33 points, or 12.82%.

On October 29, 1929, "Black Tuesday" develope Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. The next day, the panic selling reached its peak with some stocks having no buyers at all price. The Dow lost an additional 30.57 points, or 11.73%, for a a thing that is said drop of 68.90 points, or 23.05% in two days.

On October 29, ]

After a one-day recovery on October 30, when the Dow regained 28.40 points, or 12.34%, toat 258.47, the market continued to fall, arriving at an interim bottom on November 13, 1929, with the Dow closing at 198.60. The market then recovered for several months, starting on November 14, with the Dow gaining 18.59 points toat 217.28, and reaching a secondary closing peak bear market rally of 294.07 on April 17, 1930. The Dow then embarked on another, much longer,slide from April 1930 to July 8, 1932, when it closed at 41.22, its lowest level of the 20th century, concluding an 89.2% harm for the index in less than three years.

Beginning on March 15, 1933, and continuing through the rest of the 1930s, the Dow began to slowly regain the ground it had lost. The largest percentage increases of the Dow Jones occurred during the early and mid-1930s. In late 1937, there was a sharp dip in the stock market, but prices held alive above the 1932 lows. The Dow Jones did not return to its peakof September 3, 1929, for 25 years, until November 23, 1954.