Wall Street Crash of 1929 triggers the Great Depression

Wall Street crash Black Thursday Great Depression New York Stock Exchange stock market speculation

The stock market crash of October 1929, beginning with Black Thursday on October 24, marked a turning point in global economic history. The collapse of the New York Stock Exchange (NYSE) precipitated the Great Depression, a severe economic crisis that lasted throughout the 1930s.

During the 1920s, the United States experienced significant economic growth and industrial expansion. However, this prosperity was accompanied by excessive stock market speculation and a disconnect between rising share prices and the actual value of companies. Many investors utilized credit and bank loans to purchase stocks, creating a speculative bubble.

On Black Thursday, a massive wave of panic selling occurred, with approximately 12.9 million shares traded as investors attempted to liquidate holdings. This was followed by further declines on Black Monday and Black Tuesday. Within one week, the market lost roughly 40 percent of its value. The crash led to widespread bank failures, liquidity crises, and massive unemployment, impacting both the United States and international markets.

Entities

Dow Jones Industrial Average · Federal Reserve · National City Bank · New York Stock Exchange · United States · Wall Street

Claims

What the coverage asserts, and how many sources carry each claim.

[● 4 SOURCES] Approximately 12.9 million shares were traded on Black Thursday. www.origo.hu · novini247.com · fakti.bg · libertas.mk
[● 7 SOURCES] The crash led to the Great Depression. www.origo.hu · libertas.mk · www.marianne.cz · novini247.com · fakti.bg · +2 more
[● 7 SOURCES] The stock market crash began on October 24, 1929, known as Black Thursday. www.origo.hu · www.europesays.com · libertas.mk · www.marianne.cz · novini247.com · +2 more
[● 2 SOURCES] The market lost 40 percent of its value within one week. novini247.com · fakti.bg
[○ 1 SOURCE] The Dow Jones Industrial Average lost nearly 13 percent on Black Monday. www.origo.hu
[● 4 SOURCES] The crash caused widespread bank failures and liquidity crises. libertas.mk · www.marianne.cz · fakti.bg · reportediario.cl
[● 6 SOURCES] The crash was preceded by a period of economic growth and excessive speculation in the 1920s. www.origo.hu · libertas.mk · www.marianne.cz · novini247.com · fakti.bg · +1 more
[○ 1 SOURCE] The market lost an estimated $396 billion in today's dollar terms over four trading days. www.europesays.com