Oct 29, 1929- Prices on the New York Stock Exchange plummeted and virtually collapsed on four days after President Hoover had declared, "the fundamental business of the country.. is on a sound and prosperous basis". More than 16 million shares were dumped and billions of dollars were lost. The boom was over, and the nation faced nearly a decade of depression. For more info: "Black Tuesday-Stock Market Crash of 1929" by Barbara Silberdick Feinberg.
No comments:
Post a Comment