The 1929 Stock Market Crash has shaped generations, but with it fading fast from memory, how much do you really know about it? Take a look at these interesting facts about the 1929 Stock Market Crash to help you steer clear of any future loss…
The 4-day collapse began on October 24th 1929 and would lead to a worldwide depression lasting 10 years.
The Dow Jones lost an incredible 25% which amounted to $30 billion at the time.
U.S. Economic growth was decimated and the size of the economy wouldn’t recover for another 25 years.
Tales of bankers leaping to their death when they saw the results of the markets are now regarded as a myth.
The ticker tapes were so far behind that analysts had beds brought into their offices and worked around the clock in shifts to try and catch up.
In today’s money the losses amount to more than $400 billion in just 4 days.
During the first day of the crash — Black Thursday — the number of trades tripled compared to what it would have typically been.