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oct 29, 1929 - Stock Market Crash

Description:

The 1929 Wall Street Crash was fueled by the prosperity and massive economic boom enjoyed in the Roaring Twenties. The prosperity of the 20s fueled tons of consumerism and also led to credit schemes. So, on October 29th, 1929, the economy began to contract and professional investors started selling their stocks and share prices began to slowly fall. Stockbrokers began to make bold calls, demanding that investors repaid their loans all at once. Panic started, smaller investors, worried about paying off their loans, began to sell and stock prices fell even further.

Added to timeline:

10 months ago
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Date:

oct 29, 1929
Now
~ 89 years ago

Images:

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