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Articles tagged with: Black Tuesday

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Posted on 30 Mar 2011 | 13,216 views
General Motors 1929 Stock Market Crash Price

On September 16, 1908, William Crapo Durant incorporated General Motors in New Jersey. Within 12 days of its founding, General Motors had issued $12 million in stock. On September 29, 1908 General Motors purchased Buick, Oldsmobile, Cadillac and Oakland (which was later known as Pontiac).

Crash of 1929 »

Posted on 25 Mar 2011 | 7,304 views
Black Monday and Black Tuesday Dow Stock Prices

Monday October 28, 1929 was the first “Black Monday“, where investors decided to get out of the market and the Dow Jones Industrial Average collapsed 38.33 points, or 12.82% on the day. The next day was “Black Tuesday“, October 29, 1929, where the Dow Jones Industrial Average lost an additional 30.57 points, or 11.73% on the day.

Crash of 1929 »

Posted on 19 Mar 2011 | 11,155 views
What Caused the 1929 Stock Market Crash

The Roaring Twenties, the decade that led up to the Crash, was a time of wealth and excess. Despite caution of the dangers of speculation, many believed that the market could sustain high price levels. Shortly before the crash, economist Irving Fisher famously proclaimed, “Stock prices have reached what looks like a permanently high plateau.”

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Posted on 5 Mar 2011 | 45,322 views
Wall Street Lays An Egg 1929 Stock Market Crash

That was the famous headline in Variety magazine after Black Tuesday in 1929, when the stock market crashed. The term originated in the late 1800s in vaudeville and was extended to non-theatrical failures in the early 1900s.