Search results
Results from the WOW.Com Content Network
The Dow Jones Industrial Average, 1928–1930. The "Roaring Twenties", the decade following World War I that led to the crash, [4] was a time of wealth and excess.Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with hopes of finding a more prosperous life in the ever-growing expansion of America's industrial sector.
The Wall Street Crash of 1929 is often cited as the beginning of the Great Depression. It began on October 24, 1929, and kept going down until March 1933. It was the longest and most devastating stock market crash in the history of the United States. Much of the stock market crash can be attributed to exuberance and false expectations.
The Kick Inside was released in the UK on 17 February 1978. [11] In November 2018, Bush released box sets of remasters of her studio albums, including The Kick Inside. Seven different versions of the album's cover are known: [12] Standard UK cover (Bush holding on to a large Chinese styled kite superimposed on to a drawing of a human eye)
The Dow Jones Industrial Average (INDEX: ^DJI) reached a record high of 381 at the beginning of September 83 years ago. The year was 1929. Brokers watching the tickers on Sept. 5, 1929, found ...
October 24: Wall Street Crash of 1929 begins. Stocks lose over 11% of their value upon the opening bell. October 25–27: Brief recovery on the market. October 29: 'Black Tuesday'. The New York Stock Exchange collapses, the Dow Jones closing down over 12%. October 30: one day recovery
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.
Preparing for a crash In an interview with New York Magazine's Intelligencer last year,Spitznagel likened the Fed's “constant monetary intervention” to forest fire suppression.
The Wall Street bear highlighted the nation's monumental mountain of debt as one of the big issues. Spitznagel explained: “Debts need to get paid or they end in default.