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Mini crash
The stock market suffered a "mini crash". It was perludeof what wsa to come. -
Signals
There were additional signs that the economy might be headed for a serious setback. -
Economic fundamentals
By August 1929, brokers were routinely lending small investors more than two-thirds of the face value of the stocks they were buying. Over $8.5 billion was out on loan, more than the entire amount of currency circulating in the U.S. at the time -
Peak
The stock market reached its peak with the Dow Jones Industrial Averege closing at 381.17. Two days later the market started dropping -
The depression
The stock market crash of 1929 led to a major economic crisis known as the Great Depression. The Depression lasted from approximately October 1929 until the late-1930′s. -
Black Thursday
Stock prices plummeted. Vast numbers of people were selling their stocks. Margin calls were sent out. People across the country watched the number it spit out spelled their doom. -
Stock market crash
Althought the stock market has the reputation of being a risky investment, it did not appear that way in the 1920's, it was much more then just a risky investment. With the mood of the country exuberant, the stock market seemed an infalliable investment in the future -
16$ Billion
By the end of the 1929 stock market crash, a staggering $16 billion worth of market capitalization had been lost from NYSE stocks. -
After Shock
Few countries were affected as severely as Canada by the worldwide Depression of the 1930s. It is estimated that between 1929 and 1933 Gross National Expenditure declined by 42%, by the latter year 30% of the LABOUR FORCE was unemployed, and 1 in 5 Canadians became dependent upon government relief for survival. Until WWII the UNEMPLOYMENT rate never declined below 12%. The Depression's severity was aggravated by its uneven impact, a rudimentary social-welfare structure and misguided government p
