The Wall Street Crash wiped out billions
The 1929 Wall Street Crash saw the U.S. stock market plunge dramatically, vaporizing billions and igniting the Great Depression, forever changing financial oversight.
The Wall Street Crash of 1929, a sudden catastrophe, ended the Roaring Twenties' economic boom. On Black Thursday, October 24, panic selling erupted, followed by Black Monday and Black Tuesday, which saw the Dow Jones Industrial Average plummet. In just days, the market lost about $30 billion, equivalent to roughly $500 billion today, vaporizing fortunes built on risky investments and borrowed money.
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