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, wall, street and/or crash:
“I think we will live through his term, Archie, and I’ll tell you something, old man, if they don’t stop hammering me, first Bryan for not enforcing the Anti-Trust Law and Wall Street for enforcing it, they may succeed in electing me to another term whether I want it or not.”
—William Howard Taft (1857–1930)
“Whoever digs a pit will fall into it; and whoever breaks through a wall will be bitten by a snake.”
—Bible: Hebrew, Ecclesiastes 10:8.
“The last time I saw Paris
Her heart was warm and gay,
I heard the laughter of her heart in every street café.”
—Oscar Hammerstein II (1895–1960)
“You crash over the trees,
you crack the live branch.”
—Hilda Doolittle (1886–1961)