stock market crash

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Written by:

Ruth M


Date added:

November 11, 2015







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10 / 2618


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(1929?) On Thursday, October 24th, 1929, people began to sell their stocks as fast as they could. Sell orders flooded the market exchanges. (1929?) This day became known as Black Thursday. (Black Thursday?) On a normal day, only 750-800 members of the New York Stock Exchange started the exchange. (1929?) There were 1100 members on the floor for the morning opening...
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(1929?) There were 1100 members on the floor for the morning opening. (1929?) Furthermore, the exchange directed all employees to be on the floor since there were numerous margin calls and sell orders placed overnight. Extra telephone staff was also arranged at the member's boxes around the floor. (1929?) The Dow Jones Average closed at 299 that day...
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