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Crowd gathering on Wall Street after the 1929 crash. The Wall Street crash of 1929, also known as the Great Crash or Crash of '29, was a major stock market crash in the United States in late 1929, beginning in late October with a sharp decline in prices on the New York Stock Exchange (NYSE) and ending in mid-November.
Wall Street Crash of 1929: 24 – 29 Oct 1929 USA: Lasting over 4 years, the bursting of the speculative bubble in shares led to further selling as people who had borrowed money to buy shares had to cash them in, when their loans were called in. Also called the Great Crash or the Wall Street Crash, leading to the Great Depression. Recession of ...
The Wall Street Crash in 1929 was responsible for a worldwide downturn in trade and led to the Great Depression. Apart from the major pockets of unemployment, Britain was generally prosperous. Historian Piers Brendon writes:
The Wall Street Crash of 1929. Perhaps the most well-known stock market crash in history, the Crash of 1929 was the worst, and longest-lived crash we've had. From September 1929 through July 1932 ...
The Wall Street Crash had repercussions for Britain and a national financial crisis ensued. Solutions were offered by the Greenshirts and Blackshirts, the latter led by Oswald Mosley. The rise of fascism in Europe was largely ignored while Britons enjoyed Gracie Fields's singing and the novelty of Butlins holiday camps.
The crash was the greatest single-day loss that Wall Street had ever suffered in continuous trading up to that point. Between the start of trading on October 14 to the close on October 19, the DJIA lost 760 points, a decline of over 31%. In October 1987, all major world markets crashed or declined substantially.
October 24–29: The Wall Street Crash of 1929, the beginning of the Great Depression. October 3 – The country officially known as the Kingdom of Serbs, Croats and Slovenes changes its name to Kingdom of Yugoslavia. October 6 – Serie A, the top-class professional football league of Italy, replaces the Divisione Nazionale. [citation needed]
The Young Plan was a 1929 attempt to settle issues surrounding the World War I reparations obligations that Germany owed under the terms of Treaty of Versailles.Developed to replace the 1924 Dawes Plan, the Young Plan was negotiated in Paris from February to June 1929 by a committee of international financial experts under the leadership of American businessman and economist Owen D. Young.