The Fed stopped buying bonds to help the economy recover from its worst disaster since the Great Depression. So we’re taking this opportunity to remember what happened 85 years ago today.
October 29, 1929, or Black Tuesday, was the most devastating crash in the United States stock market history.
Interesting tidbit?
The number of shares trading hands on the New York Stock Exchange that day set a record not broken for 40 years. And they were trading by hand!
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
