Monday, October 24, 2011

On this day, Oct 24, 1929: Black Thursday

On this day in 1929, the U.S. Stock Market crashed. The day became known as "Black Thursday." Around 13 million stocks were sold off in one day. By the next Tuesday, the market had lost almost 26 billion dollars of value. Banks failed, individual investors lost their savings, and the Great Depression began in America.

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