Dark Day in October

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Most of us remember the housing bubble bust in 2008 and the subsequent collapse of large financial enities that came to be termed "The Great Recession". But only those of a certain age remember the days of economic collapse that occurred during the month of October in 1929. On October 29, 1929, share prices on the New York Stock Exchange collapsed, spiralling the country into a ten year economic slump known as the Great Depression. You can find similarities between the two crashes by watching the American Experience The Crash of 1929 . Also, see how the crash of 1929 and following depression changed our country's fundamental ideas about capitalism with The hellhound of Wall Street : how Ferdinand Pecora's investigation of the Great Crash forever changed American finance by Michael Perino.

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This page contains a single entry by Melissa S. published on October 29, 2010 4:30 PM.

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