What happened October 29, 1929?

On October 29, 1929, Black Tuesday hit 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. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression (1929-39), the deepest and longest-lasting economic downturn in the history of the Western industrialized world up to that time.

More Info: www.history.com

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34 Comments

lls

My family's parents, grandparents and great grandparents were all affected...that's why those folks who grew up in the 30's and 40's had such great talents and survival skills!

Kath Thomson

And no-one learnt anything from it! Greed always seems to rule in financial circles.

Edie Koller

Sad day for my grandfather too..He lost almost all of his savings then and he was almost 48 yrs old then. he passed in 1959 too.

Cujo

The myth that people were standing in line to jump out of buildings was greatly exaggerated. So those of you humming "It's Raining Men" step back please.