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Black Thursday
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Thursday, October 24, 1929, has the dubious honor of being called because it was on this day that the New York Stock Exchange crashed. This event heralded the end of the "Roaring Twenties". In the 1920’s, spirits were high in the United States and around the world. The rapid increase in industrialization was fueling growth in the economy. An ....
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.... their holdings. The New York Stock Exchange had lost four billion dollars by the end of the day. It took exchange clerks until five o’ clock AM the next day to clear out all the transactions. On the following Monday, once the realization of what had happened set in, a full-blown panic unsued. Thousands of investors, many of whom were ordinar.... |
| Word count: 364 |
Page count: 2 |
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