The Great Credit Crash - Search
  1. Background

    The "Roaring Twenties", the decade following World War I that led to the crash, was a time of wealth and excess. … See more

    Wall Street Crash of 1929 - Wikipedia

    • 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. The pivotal role of the 1920s' high-flying bull market and the subs… See more

    Crash

    Selling intensified in mid-October. On October 24, "Black Thursday", the market lost 11% of its value at the opening bell on very heavy trading. The huge volume meant that the report of prices on the ticker tape in … See more

    Aftermath

    In 1932, the Pecora Commission was established by the U.S. Senate to study the causes of the crash. The following year, the U.S. Congress passed the Glass–Steagall Act mandating a separation between commercia… See more

    Analysis

    The crash followed a speculative boom that had taken hold in the late 1920s. During the latter half of the 1920s, steel production, building construction, retail turnover, automobiles registered, and even railway receipts ad… See more

    Effects

    Together, the 1929 stock market crash and the Great Depression formed the largest financial crisis of the 20th century. The panic of October 1929 has come to serve as a symbol of the economic contraction that grippe… See more

    Academic debate

    There is a debate among economists and historians as to what role the crash played in subsequent economic, social, and political events. The Economist argued in a 1998 article that the Depression did not start with th… See more

     
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  2. Many Americans forced to buy on credit fell into debt, and the number of foreclosures and repossessions climbed steadily. The global adherence to the gold standard, which joined countries around the world in fixed currency exchange, helped spread economic woes from the United States throughout the world, especially in Europe.
    www.history.com/topics/great-depression/great-depression-history
    www.history.com/topics/great-depression/great-depression-history
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  4. Stock market crash of 1929 | Summary, Causes, & Facts

    WEBJul 20, 1998 · Stock market crash of 1929, a sharp decline in U.S. stock market values in 1929 that contributed to the Great Depression of the …

     
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    WEBNov 22, 2013 · The crash frightened investors and consumers. Men and women lost their life savings, feared for their jobs, and worried whether they could pay their bills. Fear and uncertainty reduced purchases of big …

  7. How Bank Failures Contributed to the Great Depression

    WEBMay 13, 2021 · The runaway speculation that triggered the 1929 crash and the Great Depression that followed couldn’t have taken place without the banks, which fueled the 1920s credit boom. New businesses ...

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  10. Stock Market Crash of 1929 Facts, Causes, and …

    WEBApr 7, 2022 · The stock market crash of 1929 signaled the Great Depression. Learn about what happened, the causes, and the effects.

  11. Stock Market Crash of 1929: Definition, Causes, …

    WEBMar 16, 2023 · The stock market crash signaled the Great Depression, where 15 million Americans lost jobs, and half of the country's banks failed by 1933. Production and demand fell, sparking bread lines...

  12. The Stock Market Crash of 1929 and the Great …

    WEBFeb 27, 2024 · The Great Depression was a devastating and prolonged economic depression that followed the crash of the U.S. stock market in 1929. It ended with the Second World War.

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