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:
“...there is a difference between being convinced and being stubborn. I’m not certain what the difference is, but I do know that if you butt your head against a stone wall long enough, at some point you realize the wall is stone and that your head is flesh and blood.”
—Maya Angelou (b. 1928)
“Outside America I should hardly be believed if I told how simply, in my experience, Dover Street merged into the Back Bay.”
—Mary Antin (1881–1949)
“The tree the tempest with a crash of wood
Throws down in front of us is not to bar
Our passage to our journey’s end for good,
But just to ask us who we think we are....”
—Robert Frost (1874–1963)