Black Tuesday hits Wall Street as investors trade 16,410,030 shares on the New York Stock Exchangein a single day.<span> ... During the 1920s, the U.S. </span>stock market<span> underwent rapid expansion, reaching its peak in August 1929, a period of wild speculation</span>
Stock prices began to decline in September and early October 1929, and on October 18 the fall began. Panic set in, and on October 24—Black Thursday a record 12,894,650 shares were traded. Investment companies and leading bankers attempted to stabilize the market by buying up great blocks of stock, producing a moderate rally on Friday. On Monday, however, the storm broke anew, and the market went into free fall. Black Monday was followed by Black Tuesday, in which stock prices collapsed completely.
