oct 29, 1929 - Stock Market Crash

Description:

October 29, 1929. The US market had undergone rapid expansion during the 1920s. In the 1920s, the invention of credit meant that americans were able to buy things they could not afford at the moment, with the condition that they would eventually pay the money back. Stock prices began to decline in September and October of 1929, leading to a widespread panic when many people attempted to sell their shares. The crash was one of the causes of the Great Depression.