In October 1929 shares on Wall Street fell sharply following a speculative boom during the "Roaring Twenties".
In two days the Dow Jones industrial average fell by 25% (ending on Black Tuesday, 29 October).
The volume of stocks traded set a record that was not broken for 40 years.
When it finally reached its record low in July 1932, the Dow Jones had fallen 89%, and it did not recover to 1929 levels until 1954.
1 comment:
Hi, just a short note to let you know I'm back with WUBT Betting Exchange Radio at a new home after the demise of my old blog hosted at LastMinuteLiving.
My new home is www.juicestorm.com and I'd appreciate a link. You already have one there.
The blog will feature the occasional radio show with bloggers like yourself and betting software developers along with my daily betting results. And betting software reviews too.
If you feel like being a guest sometime please let me know and we'll sort it out.
I trust you're well and great to see you in the blogosphere still!
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