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:
“Something inspires the only cow of late
To make no more of a wall than an open gate,
And think no more of wall-builders than fools.”
—Robert Frost (1874–1963)
“The street is full of humiliations to the proud.”
—Ralph Waldo Emerson (1803–1882)
“O ship
white-sailed of Crete,
you brought my mistress
from her quiet palace
through breaker and crash of surf
to love-rite of unhappiness!”
—Hilda Doolittle (1886–1961)