oct 11, 1929 - the stock market crashed and set in motion a chain reaction all over the world. People defaulted on their obligations, credit markets dried up, unemployment went down hill, consumers stopped spending money, protectionism mounted, and the world entered a crisis from which it would not recover until after World War II.
Description:
it was an economic declineAdded to timeline:
Date:
oct 11, 1929
Now
~ 95 years ago