Famous quotes about the stock market crash of 1929
The Great Crash of 1929 Quotes by John Kenneth Galbraith
1929: Black Friday: A stock-market crash and its consequences
Stock Market Quotes
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After the Roaring Twenties, a decade of partying, lavish living and social and cultural change, Americans thought the rising stock market and good times would last forever. On Sept. But Oct. The market lost 11 percent of its value. Investors tried to step in by putting money into the market, but it was no use. By Oct. People panicked.
The high tide of prosperity will continue. Mellon, Secretary of the Treasury Oct. Mellon, Secretary of the Treasury Dec. Lamont, Secretary of Commerce, as a indications that American Industry had reached a point where a break in New York stock prices does not necessarily mean a national depression. The President said that reports to the Cabinet showed the tide of employment had changed in the right direction. Business survey conference reports industry has progressed by own power. No Stimulants Needed!
The stock market crash is conventionally said to have occurred on Thursday the 24 th and Tuesday the 29 th of October. At the end of the market day on Thursday, October 24, the market was at On this day the market fell 33 points — a drop of 9 percent — on trading that was approximately three times the normal daily volume for the first nine months of the year. By all accounts, there was a selling panic. By November 13, , the market had fallen to