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History — Stockmarket crash

The 1929 Stock Market Crash in New York: A Tragic Turning Point

Posted by Myrat Saryyev on

The 1929 Stock Market Crash - Nowaday Vintage Car Tours & Car Rental Service NYC
The 1929 stock market crash in New York, also known as the Great Crash, was an event that marked the beginning of the Great Depression. In the 1920s, the US economy was booming and the stock market was at an all-time high, however, by late 1929, the stock market was showing signs of weakness and on October 24, 1929, the stock market finally crashed. The crash had a significant impact on the US economy with banks failing, businesses going bankrupt, and millions of people losing their jobs.