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 and/or crash:
“What harm cause not those huge draughts or pictures which wanton youth with chalk or coals draw in each passage, wall or stairs of our great houses, whence a cruel contempt of our natural store is bred in them?”
—Michel de Montaigne (1533–1592)
“If you don’t have a policeman to stop traffic and let you walk across the street like you are somebody, how are you going to know you are somebody?”
—John C. White (b. 1924)
“You crash over the trees,
you crack the live branch.”
—Hilda Doolittle (1886–1961)