
Black Tuesday
Tuesday 29 October 1929 was the day the panic peaked on the New York Stock Exchange. A record 16.4 million shares changed hands and the Dow fell another 12 per cent, closing at 198 — down 183 points in less than two months.
Over the four trading days from Black Thursday on the 24th to Black Tuesday, the Dow lost about a quarter of its value. It is generally taken as the last day of the crash, but not of the fall: by mid-November the index had lost almost half its value, and it kept sliding until the summer of 1932, when it closed at 41.22 — 89 per cent below its peak.
The crash did not on its own cause the Great Depression, but it marked the end of the boom and the start of the decade that followed.
Read the full storyHistory & Timeline →Source: Federal Reserve History: Stock market crash of 1929 ↗















