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On October 29, 1929, better known as Black Tuesday, the stock market crashed, abruptly ending a decade of prosperity and catapulting the United States into the Great Depression, arguably the worst economic crisis the country has ever experienced. During the years that followed, until U.S. entry into World War II in 1941, unemployment was at an all-time high, hundreds of banks foreclosed, and a sense of hopelessness pervaded the nation. It was only...
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English
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A history of the Great Depression, based on primary source documents and other historical artifacts. Features include period art works and photographs; excerpts from literary works, letters, speeches, broadcasts, and diaries; summary boxes; a timeline; maps; and a list of additional resources.
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English
Description
The Wall Street Crash of 1929, also known as the Crash of 29 or the Great Crash, was the most devastating stock market crash in the history of the United States, taking into consideration the full scope and longevity of its fallout. Three phrasesBlack Thursday, Black Monday, and Black Tuesdayare used to describe this collapse of stock values. All three are appropriate, for the crash was not a one-day affair. The initial crash occurred on Black Thursday...