Black Tuesday, October 22, 1929: Stock Market Crash
- Dow Jones Industrial average Collapsed
- Stock continued to sell off until 1932 when DJIA was 89% of its 1929 peak
- Many, many businesses go bankrupt
- Beginning of the great depression
- Banks Close
- People literally threw themselves out of buildings
- Agricultural recession first sign on depression, overproduction lowered prices
When the Stock market crashed. 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
- Many, many businesses go bankrupt
- Beginning of the great depression
- Banks Close
- People literally threw themselves out of buildings
- Agricultural recession first sign on depression, overproduction lowered prices
When the Stock market crashed. Many large businesses went out of business including banks because of too many people buying on margin and being unable to pay it off.