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A decade of overproduction, vastly overextended credit, uncontrolled spending, and a get-rich-quick philosophy ended very abruptly. On October 24, 1929, excessive selling dropped prices to dangerous levels. Disaster struck on October 29,1929, when frantic stockholders offered 16,410,000 shares for sale at almost giveaway prices. Some stocks could not be sold at any price. The collapse of the stock marketcaused hundreds of thousands of stockholders to become bankrupt. The Stock Market crash greatly affected the financial community, particularly Wall Street, and marked the start of the worst economic depression in the history of the United States.
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∙ 11y ago
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∙ 12y agoOctober 24, 1929 was also coined the term 'black thursday' where new york stock shares crashed, and continued to plummet for the rest of the entire month.
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∙ 14y agoOctober 29th, 1929
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∙ 12y agoOctober 29, 1929
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∙ 15y agoOctober 29, 1929.
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∙ 14y agoTuesday you idiots
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∙ 12y agoOctober 29, 1929
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∙ 11y agoBlacktuesday
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What event was the catalyst of the Great Depression?
Stock Market Crash
What event is often considered to be the starting point of the great depression?
(apex) black tuesday
What was a result of the stock market crash farmers problems and the overuse of credit?
The country entered a depression as the result of the stock market crash.
Did the stock market crash happen in the 20th century?
The Stock Market Crash happened in 1929 on Black Tuesday.
What is the stock market crash seen as the beginning of?
If you are referring to the stock market crash of 1929, that was the beginning of the Great Depression.
What name was given to the day before the stock market crash when the market plummeted but was able to recover?
Black Thursday
The climactic day of the october 1929 wall street stock-market crash?
black Tuesday
The climatic day of the october 1929 Wall Street stock market crash?
Black Tuesday
What were the results of the 1929 stock market crash?
at the end of the stock marketday on thurs. oct,24 the market was at a selling panic attack. the profit flew down and that was the result of the Stock Market crash
What event is considered the start of the Great Depression?
The stock market crash of 1929. novanet - stock prices crashed when millions of shares of stocks were sold
The president during the 1929 crash stock market was?
Herbert Hoover was president of the United States during the stock market crash of 1929.
Do you think the nation would have experienced depression even if the stock market had not crashed?
Yes. The stock market crash did not cause the depression. Instead the economic crisis and the depression caused the stock market crash
