The Great Depression Causes: Stocks
Swyam Karsaliya, Alexis Miears, Patrick Valenski
The Great Wall Street Crash of 1929
October 29th, 1929
Stocks on Margin
Attempt to Save the Stock Market
Timeline of Events
- March 1929 : The DOW drops, but bankers reassure investors.
- August 8 : The Federal Reserve Bank in NY raises discount rate to 6%.
- September 26 : Bank of England also raises its rate to protect gold standard.
- September 29, 1929 : The Hatry Case plunges British markets into panic.
- October 24 : Black Thursday.
- October 28 : Black Monday.
- October 29 : Black Tuesday.
- 1933 : The FDIC (Federal Deposit Insurance Corporation) is created.
- November 23, 1954 : DOW finally returns to its high.
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