oct 29, 1929 - Stock Market Crashes
Description:
On Black Tuesday, the incredible decrease in stocks caused a mass panic for people to sell. However, many people bought their stocks on borrowed money from the banks and the banks also invested. This caused people everywhere to lose all of their money and paved the way for the Great Depression which took effect in many places around the world. Because of this incredible decrease in funds and increase in unemployment, scientific research was not a priority financially so it was greatly decreased.https://www.britannica.com/event/stock-market-crash-of-1929
Added to timeline:
Date:
oct 29, 1929
Now
~ 95 years ago