Stock Market Crash of 1929: Dawn of the Great Depressionby Mary Gow
The day of October 24, 1929, will be forever remembered as "Black Thursday." On this day, stock prices plummeted. By the following Tuesday, Wall Street had suffered the worst stock market crash in history, changing the lives of millions of Americans. Fortunes and life savings were wiped out. People's confidence in business was shattered. After the crash, weaknesses that were already present in the U. S. economy raced out of control. Unemployment soared. Factories and stores closed. Poverty and despair settled over millions of Americans. The stock market crash of 1929 marked the end of a decade of prosperity as the nation found itself swept into the Great Depression. In The Stock Market Crash of 1929: Dawn of the Great Depression, author Mary Gow captures this important period in U. S. history through firsthand accounts and quotes. Also examined are subsequent economic crises, up to the present day.
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