The Stock Market Crash of 1929

Stock market crash history series #1 : The Stock Market Crash of 1929 is without a doubt the most devastating in U.S. history, in terms of duration and extent. On Black Tuesday, Oct. 29, 1929, the Dow dropped 12% (30 points) and 16 million stock shares exchanged hands - although for some, there were absolutely no buyers. When the dust settled, more than $30 billion (roughly $350 billion in today's dollars) in wealth had been obliterated. The Dow sank a total 48% from September to November 1929 and kicked off the 10-year-long Great Depression. It lost another 86% from April 1930 to July 1932 in the crash's aftermath. Behind this crash was a phenomenon that may be more familiar than you'd like... Tags: 1929 wall street crash , causes of the stock market crash of 1929 , great stock market crash , stock market crash , stock market crash history , stock market crash of 1929 , stock market crash of 1929 facts , wall street crash , wall street crash of 1929 , what caused the 1929 stock market crash , why did the stock market crash in 1929 , why did wall street crash in 1929 To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post The Stock Market Crash of 1929 appeared first on Money Morning - We Make Investing Profitable .