The Wall Street Crash of 1929, also known as the Great Crash and the Stock Market Crash of 1929, began in late October 1929 and was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its fallout. The crash signaled the beginning of the 10-year Great Depression that affected all Western industrialized countries and did not end in the United States until the onset of American mobilization for World War II at the end of 1941.
Anyone who bought stocks in mid-1929 and held onto them saw most of his or her adult life pass by before getting back to even. —Richard M. SalsmanRead more about Wall Street Crash Of 1929: Timeline, Effects and Academic Debate
Famous quotes containing the words wall, street and/or crash:
“It is hard going to the door
cut so small in the wall where
the vision which echoes loneliness
brings a scent of wild flowers in the wood.”
—Robert Creeley (b. 1926)
“Christopher Cross: You shouldn’t be alone in the street so late at night.
Kitty March: I was coming home from work.
Christopher Cross: You work this late?
Kitty March: Mmm, hmmm.
Christopher Cross: What do you do?
Kitty March: Guess.
Christopher Cross: You’re an actress.
Kitty March: Oh, you are clever!”
—Dudley Nichols (1895–1960)
“Crash on crash of the sea,
straining to wreck men, sea-boards, continents,
raging against the world, furious.”
—Hilda Doolittle (1886–1961)