Black Thursday

Part I of Essay
Thursday, October 24, 1929, has the dubious honor of being called because it was on this day that the New York Stock Exchange crashed. This event heralded the end of the "Roaring Twenties". In the 1920’s, spirits were high in the United States and around the world. The r ....

Part II of Essay
.... impending correction, but they were largely ignored by the money-hungry population. Many banks, eager to increase their profits, began speculating dangerously with their investments as well. Finally, in October of 1929, the buying craze began to dwindle and gave way to an even wilder selling craze. The bottom began to fall out on Thursday, October 24, 1929. Prices dropped precipitously as more and more investors tried to sell their holdings. The New York Stock Exchange had lost four billion dollars by the end of the day. It took exchange ....