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

Other days this month can be found on these links:

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