1929 Stock Market Crash

The 1929 stock market crash occurred in October 1929. The 1929 stock market crash time line began with the Black Thursday. Before the 1929 stock market crash, the stock market had been soaring and stock and investors could not wait to get their hand on stocks. Leading up to the 1929 stock market crash, stock investors were investing in stocks on margin and using money they did not have.

Chart of the 1929 Stock market crash

1929 stock market crash time line

In the 1920s everything was rosy and the stock market was going no where but up. More and more people are investing in the stock market. The idea of a stock market crash such as the 1929 stock market crash was far from reality.

In September 1929, the Dow Jones Industrials Average hit a new high of 386. Confidence was rampant and people were investing on margin more than ever.

Thursday October 24, 1929, was the Black Thursday. It was this day that marked the start of the 1929 stock market crash. Everything was downhill from that point on. The 1929 stock market crash was looming. Stock investors panicked and started to heavily sell of their shares.

Monday October 28, 1929, was the Black Monday. Black Monday in 1929 was the day just before the 1929 stock market crash. Signs were everywhere that the stock market was not going to recover from the previous Thursday (Black Thursday). After a near collapse of the stock market on Thursday, stock investors were hopeful when the stock market recovered briefly on Friday and Saturday. However, their hopes were obliterated on the Black Monday and the worse was yet to come as the following day set off the 1929 crash of stock market.

October 29, 1929, was the Black Tuesday. On Black Tuesday, the NYSE and the Dow Jones Industrial Average collapsed. People often talk about the 1929 stock market crash as being this Black Tuesday (October 29, 1929). 16.4 million shares were traded on the stock market as stock investors were in a hurry to get out of the stock market.