- There were several reasons for the 1929 stock market crash: overvalued stocks, low margin requirements (10 percent), interest rate hikes and poor banking structures.
- The stock market crash took place over a period of two weeks in October 1929. with three days referred to as Black Thursday (Oct. 24); Black Monday (Oct. 28); and Black Tuesday (Oct. 29).
- In the decade before the crash, the stock market boomed, with stocks more than quadrupling in value.
- During the week beginning Oct. 28, 1929, stocks lost a total of $30 billion in value.
- In the wake of the stock market crash of 1929 and subsequent Great Depression, agencies and legislation were enacted to avoid future financial collapses: The Securities and Exchange Commission (SEC), The Glass-Steagall Act, which separated commercial and investment banking; and the Federal Deposit Insurance Corporation (FDIC) to insure individual bank accounts for up to $100,000.
- Advertisement -
- Advertisement -
EDITOR PICKS & Articles
- Top 4 Beaches Of Kerala
- Ten Places to Shop For Arts And Crafts In Snowdonia
- Monte Albán Mexico: An Ancient, Cultural, Natural Destination And Discover the Most Energetic and In
- Jim Corbett National Park Tour And Resorts To Experience Exotic Wild Life
- Spring Walking Week in Jersey - The Perfect Time to Explore
- Holidays to Dubai
- Things to do in Nanded
- Tips When Traveling With Children by Bus
- Spring Break in Mexico
- All You Want to Know About Hyderabad
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
Prev Post
"Business & Finance" Categories
Advertising & Marketing
Arts & Crafts
Bankruptcy
Blogging
Biz
Business Insurance
Business News
Careers
Corporations
Credit
Debt
Electronic Commerce
Economics
Entrepreneurship
Finance
Home Based Business
Investing & Financial Markets
Loans
mortgage
Outsourcing
Personal Finance
Renting & Real Estate
Shopping
Small Business
Social Media
Stocks-Mutual-Funds
Taxes
Wealth Building
Stay With Us
"Business & Finance" MOST POPULAR
"Business & Finance" Lastest Articles