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U.S. Stock Market Crashes (1929)On Oct. 24, 1929, the United States suffered a sudden and massive crash of the New York stock exchange. A long lasting economic depression and mass panic ensued. By 1932, Wall Street stocks were worth only 11% of what they had been three years earlier Many investors were ruined and salaries plummeted, while unemployment skyrocketed. The U.S. and much of the world fell into a deep economic depression.
After the stock market crash of 1929, the U.S. faced a time period known as the Great Depression. Back then everything was in turmoil. The political,...