Black Tuesday
October 29th, 1929 was the day many concluded what many have called the Roaring Twenties. After three days of the market plummeting, the boom of the 1920s and all the gains that were made, the market value quadrupled between 1920 to 1929, had completely faded away as the economy imploded. This was the start of the Great Depression. One of the reasons for the stock market’s big crash was due to the lack of proper risk analysis in Wall Street. Investors mistakenly believed that stocks were a very safe way to place one’s capital, so they borrowed in large amounts and invested a great deal of money. Black Tuesday terminated the notorious decade known as the roaring 1920s and began the Great Depression.
Sources
"October 29, 1929: 'Black Tuesday'" CNN. Cable News Network, 10 Mar. 2003. Web. 20 Apr. 2014. <http://www.cnn.com/2003/US/03/10/sprj.80.1929.crash/>.
"Stock Market Crashes." History.com. A&E Television Networks. Web. 19 Apr. 2014. <http://www.history.com/this-day-in-history/stock-market-crashes>.
"Stock Market Crash." PBS. UNC TV. Web. 20 Apr. 2014. <http://www.pbs.org/fmc/timeline/estockmktcrash.htm>.
Sources
"October 29, 1929: 'Black Tuesday'" CNN. Cable News Network, 10 Mar. 2003. Web. 20 Apr. 2014. <http://www.cnn.com/2003/US/03/10/sprj.80.1929.crash/>.
"Stock Market Crashes." History.com. A&E Television Networks. Web. 19 Apr. 2014. <http://www.history.com/this-day-in-history/stock-market-crashes>.
"Stock Market Crash." PBS. UNC TV. Web. 20 Apr. 2014. <http://www.pbs.org/fmc/timeline/estockmktcrash.htm>.