oct 24, 1929 - Stock Market Crash in New York
Description:
The plummet in the value of stocks that is associated with the New York stock market crash brings a rash of business bankruptcies. Widespread unemployment occurs in the United States. The "Great Depression," as it is called, sparks a worldwide economic crisis. In Germany, six million are unemployed by June 1932. Economic distress contributes to a meteoric rise in the support for the Nazi party. As a result, the Nazi party wins the votes of almost 40 of the electorate in the Reichstag (German parliament) elections of July 1932. The Nazi party becomes at this point the largest party in the German parliament.image source: http://gcsehistory.org.uk/modernworld/germany/images/unemployment.jpg
Added to timeline:
Date:
oct 24, 1929
Now
~ 95 years ago