cover of episode Black Tuesday and the 1929 Stock Market Crash

Black Tuesday and the 1929 Stock Market Crash

2024/9/18
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Everything Everywhere Daily

Chapters

The 1929 stock market crash wasn't the first, with prior crashes linked to speculative bubbles like the Dutch tulip mania and company collapses. The Roaring Twenties saw rapid economic growth, fueled by new technologies and post-war demand, resulting in a stock market boom.
  • Dow Jones created in 1896 to reflect market trends.
  • Roaring Twenties driven by technological advancements and pent-up demand.
  • Market peaked on September 3, 1929, after an 8-year bull run.

Shownotes Transcript

On October 28, 1929, a day known as Black Monday, the New York Stock Exchange suffered its greatest one-day loss in history. 

The next day, known as Black Tuesday, the market dropped even further, registering the second biggest one-day loss in history. 

This was the start of an extended bear market that saw the Dow Jones Industrial Average drop 89% in just under three years and ushered in the period we know as the Great Depression. 

Learn more about the 1929 Stock Market crash, its causes, and its ramifications on this episode of Everything Everywhere Daily.

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