oct 24, 1929 - Stock Market Crash
Description:
The United States’ stock market crashed in 1929, sparking the worst economic depression in American history. Insider trading and a fear of bank failure led to a dramatic fall in stock prices. 5,000 banks shut down, 25% of the nation was unemployed, and millions lost all of their savings and investments. Over 33% of the population was homeless, and lived in pockets of makeshift shelters known as “Hoovervilles”.Added to timeline:
Date:
oct 24, 1929
Now
~ 96 years ago