The Stock Market Crash of 1929-
Due to the great economic boom, stocks were seen as extreamly safe. So many investors bought a lot of shares.
Stock market trading became America’s favorite pastime.
Some say the tumble began when the Federal Government began to raise interest rates in early 1929.
The Stock Market Crash is known to many people as the beginning of the Great Depression.
The Stock Market crashed over a period of 5 days. Typically the market traded around 4 million shares each trading day, but on Black Thurday they traded 12.9 million shares. This caused the stock market to run behind 90 min. At the end of the day the market had fallen 33 points or around 9%.
Black Monday, Black Tuesday-
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