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Wall Street Crash 1929
Manage episode 153883391 series 1105719
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How did the Wall Street Crash happen, what events unfolded and can we draw any parallels with today's events? Listen to this article to find out more
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After an amazing five-year run when the world saw the Dow Jones Industrial Average (DJIA) increase in value fivefold, prices peaked at 381.17 on September 3, 1929.[19] The market then fell sharply for a month, losing 17% of its value on the initial leg down. Prices then recovered more than half of the losses over the next week, only to turn back down immediately afterwards. The decline then accelerated into the so-called "Black Thursday", October 24, 1929.
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