Tags:

market crash

From Gothamist: Photos: Revisit The 1929 Wall Street Crash, Which Began 86 Years Ago on 10/24

“On this day, investors traded a record 12,894,650 shares, following a precipitous market decline that kicked off in September. Panic seized Wall Street traders, with photographers capturing crowds gathering outside the New York Stock Exchange and the Sub-Treasury Building, which is now the Federal Hall National Memorial.

Though the stock exchange rallied a bit on Friday, it began crashing again on Monday, eventually leading to Black Tuesday’s total collapse. That collapse truly kicked off the Great Depression—stock market prices didn’t climb back up to pre-crash numbers until 1954. “

Continue reading

Copyright © 2011-2015 Bygone NYC - All Rights Reserved