The "Roaring Twenties", the decade following World War I that led to the crash, was a time of wealth and excess. Building on post-war optimism, rural Americans migrated to the cities … See more

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. … See more

United States
Together, the 1929 stock market crash and the Great Depression formed the largest financial crisis of the 20th century. The panic of October … See more

• Causes of the Great Depression
• Criticism of the Federal Reserve
• Great Contraction
• List of largest daily changes in the Dow Jones Industrial Average See more

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 brokerage offices around the nation was hours … See more

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 advanced from record to record. … See more

There is a debate among economists and historians as to what role the crash played in subsequent economic, social, and political events. See more