Sunday, August 16, 2009

Stock Market Crash of 1929

http://www.erollover.com/blog/stock-market-crashes/great-stock-market-crashes-the-crash-of-1929


This eRollover blog entry is the first of 5 entries that will go over the most painful stock market crashes in the past 100 years. History is usually the best indicator of how fragile the Economy and Stock Market can be at times. However, these lessons can be quickly forgotten, as greed tends to make the memory very short indeed.
The Stock Market Crash of 1929, and Beginning of the Great Depression
When: October 21, 24 and 29, 1929
Stock Market Crash Statistics: A string of terrible days led to a more than 40% drop in the market from the beginning of September 1929 to the end of October 1929. In fact, the market continued to decline until July 1932 when it bottomed out, down nearly 90% from its 1929 highs.

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