On October 29, 1929, more than 16 million stock shares were sold at the New York Stock Exchange, and by the end of November investors had lost more than $100 billion in assets. With the crash, the prosperity of the Roaring Twenties came to a close and a dark era of financial despair dawned in the United States.

"The Stock Market Crash of 1929" is a revealing look at the events that helped usher one of the grimmest periods in American history.

As a result of speculation on the stock market, prices of stock certificates suddenly crashed, leading to the Great Depression of the 1930s. Individuals involved include United States President Herbert Hoover, John Jacob Raskob, Chairman of the Democratic Party, and Richard Whitney, President of the New York Stock Exchange. Details and consequences of the market crash are provided.

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6 May 2009 10:39 | ICQ: -- |