- Introduction
- Causes and Consequences
Stock Market Crash- Bank Runs
- Practice
- Task
Stock Market Crash
| Crowd Outside the NYSE, 1929 | |||
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| Crowd Outside the NYSE, 1929. 1929 U.S. Social Security Administration This image is in the public domain. |
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| A solemn crowd gathers outside the Stock Exchange after the crash. |
While you just learned that the Stock Market Crash of 1929 did not cause the Great Depression on its own, this event did accelerate the downward spiral of the U.S. economy. Watch the following two brief video segments and read the article entitled, "The Market Crashes." The information will help you with an assignment at the end of the lesson.
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The Stock Market Crash of 1929 was a culmination of 3 days, Black Thursday, Black Monday, and Black Tuesday. If a single day had to be selected, most would agree that it was October 29, 1929. Following the crash, the market would continue to fall until it bottomed out in July of 1932. By the end of November 1929 it was estimated that over 100 billion dollars had been lost.
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