10h 59min, oct 24, 1929 y - date of US stock Market Crash

Description:

The U.S. stock market underwent rapid expansion, reaching its peak in August 1929 after a period of wild speculation. By then production had already declined and unemployment had risen leaving stocks in great excess of their real value. Among the other causes of the eventual market collapse were low wages, the proliferation of debt, a struggling agricultural sector and an excess of large bank loans that could not be liquidated.