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Black Tuesday Stock Market Crash
"If we can boondoggle ourselves out of this depression, that word is going to be enshrined in the hearts of the American people for years to come"
- Franklin D. Roosevelt
- Franklin D. Roosevelt
Black Thursday Stock market crash
-Overproduction: lower pieces
- "Farmers have always been poor" - first signs of the depression
-Dow Jones Industrial average collapsed
-Continued selloff took place until 1932 when the DIJA was 89% of it s 1929 peak
-People committed suicide
-Businesses go bankrupt
-Banks close
-Depression begins
- "Farmers have always been poor" - first signs of the depression
-Dow Jones Industrial average collapsed
-Continued selloff took place until 1932 when the DIJA was 89% of it s 1929 peak
-People committed suicide
-Businesses go bankrupt
-Banks close
-Depression begins
Summary
In October 1929, The stock market took a devastating decline for the worst. Continued selloff went on until 1932, lowering the DIJA substantially. This would later lead to the closure of banks and bankrupting of businesses.
In October 1929, The stock market took a devastating decline for the worst. Continued selloff went on until 1932, lowering the DIJA substantially. This would later lead to the closure of banks and bankrupting of businesses.