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  2. In October of 1929, the stock market crashed, wiping out billions of dollars of wealth and heralding the Great Depression. Known as Black Thursday, the crash was preceded by a period of phenomenal growth and speculative expansion.
    www.investopedia.com/ask/answers/042115/what-…
    Throughout the 1920s a long boom took stock prices to peaks never before seen. From 1920 to 1929 stocks more than quadrupled in value. Many investors became convinced that stocks were a sure thing and borrowed heavily to invest more money in the market. But in 1929, the bubble burst and stocks started down an even more precipitous cliff.
    www.pbs.org/fmc/timeline/estockmktcrash.htm
    During the 1920s, the U.S. stock market underwent rapid expansion, reaching its peak in August 1929 after a period of wild speculation in the Roaring Twenties. By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value.
    www.history.com/topics/great-depression/1929-sto…
    When the stock market took a dive on Black Tuesday, October 29, 1929, the country was unprepared. The economic devastation caused by the Stock Market Crash of 1929 was a key factor in the start of the Great Depression.
    www.thoughtco.com/the-stock-market-crash-of-192…
    The Wall Street Crash of 1929, also known as the Great Crash, Crash of '29, or Black Tuesday, was a major American stock market crash that occurred in the autumn of 1929. It began in September, when share prices on the New York Stock Exchange (NYSE) collapsed, and ended in mid-November.
    en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
     
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