Looking Back at the Great Depression
"Black Tuesday," Oct. 29, 1929, wiped 10% off the value of U.S. common stocks and seared a place in America's financial psyche.
Even today, the popular image of "the panic" is of bankrupted fat-cat investors throwing themselves to their deaths from windows high above Wall Street. This special report looks at Oct. 29, 1929, and the weeks immediately following through the eyes of contemporary reports.
Interesting retrospective. And what did all this mean for economic development? Think about it.
More here.
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