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Crash of 1929 »

Posted on 25 Mar 2011 | 6,931 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 | 10,905 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.”