October 24, 1929: Black Tuesday, the stock market collapse of Wall Street

Wall Street collapse of 1929, also known as the Collapse of '29, or, in English, The Wall Street Crash of 1929 was the account of the fall in the U.S. stock market, which marks the beginning of an era called the Great Depression. This collapse is one of the events of the destruction of the greatest markets in American history.

The event is also known stock destruction in several stages known as Black Friday (Black Thursday), which is the beginning of the collapse in the stock and Black Tuesday (Black Tuesday) is when the destruction occurred which caused panic until five days later.

Although economists and historians disagree on the role of the destruction of this market to the economic collapse that followed, some regard this as the beginning of the destruction of the Great Depression. However, most historians agree that the destruction of the exchange is merely a "symptom" rather than a "cause" of the Great Depression. The destruction of the stock when it is also the starting point of the key reforms of the legal regulations in the field of finance and trade.

At the time of the destruction, the city of New York is growing into a major financial capital and metropolis. New York Stock Exchange (NYSE) when it is the largest stock exchange in the world. "Incredible excitement and huge profits from the market who are passionate (bullish) instantly ends on Thursday October 24, 1929, known as Black Thursday, when share prices on the NYSE fell all day and continued for a month reached the lowest value never happened before. There was panic where everyone sells their shares. After the collapse, the Dow Jones Industrial Average (DJIA) recovered early in 1930, then fell back to its lowest in 1932. By the end of 1954, the stock market never returned as the time before the year 1929 and was lower at its July 8, 1932 level than it had been since the 1800s.