by keithold is a prodigal bagger on January 31st, 2009

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When did the Wall Street crash occur that led to the great Depression?

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by Infiniteaxe on January 31st, 2009
The Wall Street Crash of 1929, also known as the ’29 Crash, the Crash of 1929, the Great Crash of 1929, the Great Crash of October 1929, the Great Wall Street Crash of 1929, 1929 Great Crash, or the Great Crash was the most devastating stock market crash in the history of the United States, taking into consideration the full extent and longevity of its fallout.

Three phrases—Black Thursday, Black Monday, and Black Tuesday—are used to describe this collapse of stock values. All three are appropriate, for the crash was not a one-day affair. The initial crash occurred on Black Thursday (October 24, 1929), but it was the catastrophic downturn of Black Monday and Tuesday (October 28 and October 29, 1929) that precipitated widespread panic and the onset of unprecedented and long-lasting consequences for the United States. The collapse continued for a month.

-wikipedia entry
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- Thanks Infinite Axe and welcome to Answerbag. I hope that you like it here and decide to stay.
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  by keithold is a prodigal bagger on January 31st, 2009
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by TjoeBaxter is Hot Yo on January 31st, 2009
It was slowly happineing during the roaring 20's and then the stockmarket crashed in 1929:):) It was some of the most painful years for Americans:):)
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- It was not just an "American phenomenon". The "Great Depression" was worldwide. It began with the economic collapse of European currency during and after WWI. Most of Europe was actually in a depression long before it hit the US, but it was all interlinked. The market speculations and investments in the US during the "roaring twenties" was just wishful thinking. It was all on paper. Then, in October of 1929, the Pied Piper came to collect, as he always will. But, the Piper does not take stocks, paper money, cheques, or IOU's. He only takes hard cash...and there was none. So, he took all the goodies away.
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  by Tom 47 is back in his bear COAT on January 31st, 2009
- Thanks Tjoe and Tom.
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  by keithold is a prodigal bagger on January 31st, 2009
- Thanks Tom:):)
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  by TjoeBaxter is Hot Yo on January 31st, 2009
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by TERRYTUKER on January 31st, 2009
1926
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- Thanks Terry.
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  by keithold is a prodigal bagger on January 31st, 2009
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