Stock Market Crash of 1929
By Robert Permesar
On September 20, the London Stock Market officially crashed when top British investor Clarence Hatry and many of his associates were jailed for fraud and forgery. The London crash greatly weakened the optimism of American investment in markets overseas. On October 24, the New york market lost 11 percent. On October 28 or black monday the stock lost 13 percent. On October 29 or black tuesday the stock lost 12 percent. All together the stock lost 36%. The stock market crash was a main factor of the great depression and caused many people to become homeless.