29th October
It was on this day...
1929 Stock Market Crash

Today was Black Tuesday, the biggest stock market crash in history.

16,410,030 shares were traded in a single day. The machinery used to compute sales could not cope with the business.

It followed Black Monday a day earlier, and last week there was a Black Thursday. It doesn't get much blacker than that...

The Great Depression followed.

The crash followed a long period of massive over-speculation in the US market. The market had actually peaked in August.

By 1932 stock prices were still only about 20% of their 1929 highs.

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1618 Following the death of Elizabeth I, Sir Walter Raleigh is executed for plotting against another monarch, her predecessor, King James I.

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