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)
“Cooling, so cooling,
with a wall against my feet,
midday sleep—behold.”
—Matsuo Basho (1644–1694)
“The sturdy Irish arms that do the work are of more worth than oak or maple. Methinks I could look with equanimity upon a long street of Irish cabins, and pigs and children reveling in the genial Concord dirt; and I should still find my Walden Wood and Fair Haven in their tanned and happy faces.”
—Henry David Thoreau (1817–1862)
“Crash on crash of the sea,
straining to wreck men, sea-boards, continents,
raging against the world, furious.”
—Hilda Doolittle (1886–1961)