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The Crash of October 1929

The Crash of October 1929 - But stocks continued to rise…...

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The Crash of October 1929 Recession- 6 months GDP Depression- combined unemployment (double digit) and declining Gross Dom Production In the Great Depression, 25% were unemployed…. The economic downturn actually began in 1927… By 1928, manufacturers began laying off workers
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Unformatted text preview: But stocks continued to rise… September 1929 investors began to sell… October 21 for 3 straight days prices plunged… Black Thursday Oct 24 almost 13 million shares were sold Tuesday, October 29, the market crashed! The NYSE closed for a few days!...
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