1929 Stock Market Crash
By Kyle Cioffi
Wall Street Crash
The 1929 Stock Market Crash began on Oct 24, 1929 and was the most devastating stock market crash in US history. The crash started the 10- year Great Depression that affected all Western Industrial countries.
Some companies issued millions of shares in stocks. In 1997, IBM had 982,261,000 shares, and Coca-Cola had 2,480,344,000. Also AT&T increased from 139,000 , in 1929, to 567,000 in 1930.
On October 24, 1929, 12,894,650 shares were traded
Bull & Bear Market
The terms "bull market" was when the stock shares rate raised and "bear market" was considered low stock share rates.
During the crash, hotel clerks were to ask guests if they wanted a room for sleeping or jumping...