Essay heading: 1929 Stock Market Crash

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January 23, 2007

 

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Extra telephone staff was also arranged at the member's boxes around the floor. (1929?) The Dow Jones Average closed at 299 that day. (1929?) On Tuesday, October 29th, 1929, the crash began. (1929?) Within the first few hours, the price fell so far as to wipe out all gains that had been made the entire previous year...
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(1929?) This day the Dow Jones Average would close at 230. (1929?) Between October 29th, and November 13 over 30 billion dollars disappeared from the American economy. (1929?) It took nearly 25 years for many of the stocks to recover. (1929?) By mid November, the value of the New York Stock Exchange listings had dropped over 40%, a loss of $26 billion...
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