Local News Update
March 14th, 1935
Stock Market Crash
The Great Depression was a worldwide economic crisis that in the United States was marked by widespread unemployment. The start of the Depression was the stock market crash of "Black Tuesday", Oct. 29, 1929, when the Dow Jones Industrial Average fell almost 23 percent and the market lost between $8 billion and $9 billion in value. What also caused this issue was the because many people were "buying on margin". In other words they were buying stocks by borrowing money from brokers and paying them back later.... (continued on page 5)
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