the stock market crashed in the great depression on october 24, 1929.
when did the stock market crash in the great depression?
october 24 , 1929
the wall street crash of 1929 is often cited as the beginning of the great depression. it began on october 24, 1929, and was the most devastating stock market crash in the history of the united states. much of the stock market crash can be attributed to exuberance and false expectations. in the years leading up to 1929, the rising stock market prices had created vast sums of wealth for those invested, in turn encouraging borrowing to further buy more stock. however, on october 24 (black thursday), share prices began to fall and panic selling caused prices to fall sharply. on october 29 (black tuesday), share prices fell by $14 billion in a single day, more than $30 billion in the week. the value that evaporated that week was 10x more than the entire federal budget and more than all of what the u.s. spent on world war i. by 1930 the value of shares had fallen by 90%.
great depression in the united states
section::::see also.





























bullet::::- list of stock market crashes and bear markets





























bullet::::- vix, chicago board options exchange market volatility index





























general:





























bullet::::- mass hysteria





























bullet::::- behavioral finance





























bullet::::- business cycle





























bullet::::- causes of the great depression





























bullet::::- economic bubble





























bullet::::- economic collapse





























bullet::::- financial market





























bullet::::- financial stability





























bullet::::- financial crisis





























bullet::::- flight-to-liquidity





























bullet::::- great contraction





























bullet::::- market trend





























bullet::::- modeling and analysis of financial markets





























bullet::::- stock market boom





























bullet::::- stock market bubble





























examples:





























bullet::::- financial crisis of 2007–08





























bullet::::- great depression





























bullet::::- meltdown monday





























bullet::::- subprime mortgage crisis





























bullet::::- flash crash





























bullet::::- 2015–16 chinese stock market crash
stock market crash