9 juin 1930 - Black Tuesday (Oct. 1929)

Description:

Tension builds up on this day, (Oct 29 1929) when 16.4 mill shares of stocks sold; Wall street = v bad, ppl jumping out of windows; Losses = unbelievable, stockholders lost $40 billion in two months after crash in paper values, More than cost of WWI to US;

Stock market collapse → business depression (foreign & domestic); No other industrialized nation suffered so severe a setback; By end of 1930, > 4 mill unemployed, tripled 2 years later; kicks off Great Depression

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