On October 29: According to History.com, “Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. In the aftermath of Black Tuesday, America and the rest of ...
In 1935, America was in the midst of the Great Depression (August 1929 to March 1939), “the deepest and longest-lasting economic downturn in the history of the Western industrialized world up to that time.” The economy grew by 8.9%, unemployment fell to 20.1%, prices rose 3.0%, and t...