The Wall Street Crash of 1929, also known as the Great Crash and the Stock Market Crash of 1929, began in late October 1929 and was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its fallout. The crash signaled the beginning of the 10-year Great Depression that affected all Western industrialized countries and did not end in the United States until the onset of American mobilization for World War II at the end of 1941.
Anyone who bought stocks in mid-1929 and held onto them saw most of his or her adult life pass by before getting back to even. —Richard M. SalsmanRead more about Wall Street Crash Of 1929: Timeline, Effects and Academic Debate
Famous quotes containing the words wall street, wall, street and/or crash:
“This is Wall Street, and today is important. Because tomorrow, July 4th, I intended to make my first million dollars—an exciting day in a man’s life. The enterprise was slightly illegal.”
—Abraham Polonsky (b. 1910)
“The aim of every artist is to arrest motion, which is life, by artificial means and hold it fixed so that a hundred years later, when a stranger looks at it, it moves again since it is life. Since man is mortal, the only immortality possible for him is to leave something behind him that is immortal since it will always move. This is the artist’s way of scribbling “Kilroy was here” on the wall of the final and irrevocable oblivion through which he must someday pass.”
—William Faulkner (1897–1962)
“At any street corner the feeling of absurdity can strike any man in the face.”
—Albert Camus (1913–1960)
“The tree the tempest with a crash of wood
Throws down in front of us is not to bar
Our passage to our journey’s end for good,
But just to ask us who we think we are....”
—Robert Frost (1874–1963)