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History & Society
stock market crash of 1929
American history
Category:
History & Society
- Also called:
- the Great Crash
- Date:
- 1929
- Location:
- United States
- On the Web:
- USHistory.org - The Market Crashes (Mar. 27, 2024)
Top Questions
What was the Wall Street crash of 1929?
What caused the Wall Street crash of 1929?
stock market crash of 1929, a sharp decline in U.S. stock market values in 1929 that contributed to the Great Depression of the 1930s. The Great Depression lasted approximately 10 years and affected both industrialized and nonindustrialized countries in many parts of the world. During the mid- to late 1920s, the stock market in the United States underwent rapid expansion. It continued for the first six months following President Herbert Hoover’s inauguration in January 1929. The prices of stocks soared to fantastic heights in the great “Hoover bull market,” and the public, from banking and industrial magnates to chauffeurs and ...(100 of 661 words)