The Stock Market Crash of 1929

With stocks on the rise during 1929, most investors ignored the warning signs. During that year, business slowed and unemployment rose.

On October 24, Dow Jones dropped by 11%, leading to panic and only grew by October 29, where Dow Jones continued to drop in price by 12%.

"Within that one day, over $500 billion was lost from the Dow Jones Index. When people heard what was happening on Wall Street, they tried to contact their brokers, but could not reach them due to the influx of phone calls. Millions were lost instantly."

- Library of Congress