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Stock Market Crash of 1929
Workers flood the streets in a panic following the Black Tuesday stock market crash on Wall Street, New York City, 1929
Hulton Archive/Archive Photos/Getty Images
Remembered today as "Black Tuesday," the stock market crash of October 29, 1929, was neither the sole cause of the Great Depression nor the first crash that month. The market, which had reached record highs that very summer, had begun to decline in September.
On Thursday, October 24, the market plunged at the opening bell, causing a panic. Though investors managed to halt the slide, just five days later on "Black Tuesday" the market crashed, losing 12 percent of its value and wiping out $14 billion of investments. Two months later, stockholders had lost more than $40 billion dollars. Even though the stock market regained some of its losses by the end of 1930, the economy was devastated. America truly entered what is called the Great Depression.
The top 5% of the nation's wealthiest individuals received a third of the nation's income in the 1920's. The inequality towards work conditions, education and other social factors caused a great disparity in economic wealth during the 1920's. As a result only a few were benefactors of the nation's income during that decade.
Hey there!
The Battle Of Marathon was an intense battle of the Greco-Persian wars that was about sacrifice and never giving up.
The Greeks, as always, had a smart plan. They fought on a thin, hard to fit through mountain pass and they used phalanxes and defeated the Persian Hoplites and Immortals. They thought they had victory, but eventually, the way around the pass was given to King Xerxes of Persia by a Greek traitor and the Persians one.
Islam was first introduced into india by arab traders. :D
