The United States Stock Market Crash in October 1929 marked the beginning of the Great Depression.
Background on the Great Depression
The Great Depression was an economic slump in the United States and Europe that began in 1929 and lasted until about 1939. This was the longest and most severe Depression in United States history.
The Depression began with the disastrous collapse of the Stock Market in October 1929. Stock Prices dropped the worst during the third and fourth week of October. But many investors, mostly wealthy, held their stocks and thought that the prices would likely spou…
