Black Tuesday, October 22, 1929: Stock Market Crash
- Dow Jones Collapsed
- Stock continued to sell off until 1932 when DJIA was 89% of its 1929 peak
- People literally threw themselves out of buildings
- Many, many businesses go bankrupt
- Banks Close
- Beginning of the great depression
When the Stock market crashed, nobody could have suspected what was to come next. Many large businesses went out of business including banks because of too many people buying on margin and being unable to pay it off.
- Stock continued to sell off until 1932 when DJIA was 89% of its 1929 peak
- People literally threw themselves out of buildings
- Many, many businesses go bankrupt
- Banks Close
- Beginning of the great depression
When the Stock market crashed, nobody could have suspected what was to come next. Many large businesses went out of business including banks because of too many people buying on margin and being unable to pay it off.