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Black Thursday
Part 1 of Paper
....the New York Stock Exchange crashed. This event heralded the end of the "Roaring Twenties". In the 1920’s, spirits were high in the United States and around the world. The rapid increase in industrialization was fueling growth in the economy. And technology improvements led the chief economists to believe that the.... Part 2 of Paper
.... craze began to dwindle and gave way to an even wilder selling craze.
The bottom began to fall out on Thursday, October 24, 1929. Prices dropped precipitously as more and more investors tried to sell their holdings. The New York Stock Exchange had lost four billion dollars by the end of the day. It took exchange clerks until five o’ clock AM the next day to clear out all the transactions. On the following Monday, once the realization of what had happened set in, a full-blown panic unsued. .... |
| Number of words: 364 - Approximate pages: 2 |
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