Black Tuesday was the fourth and last day of the stock market crash of 1929. It took place on October 29, 1929.1 Investors traded a record 16.4 million shares. They lost $14 billion on the New York Stock Exchange, worth $206 billion in 2019 dollars.2 3
On Black Tuesday, the Dow Jones Industrial Average dropped almost 12% closing at 230.4
After the crash, the Dow continued sliding for three more years. It finally bottomed on July 8, 1932, closing at 41.22.4 All told, it lost almost 90% of its value since its high on September 3, 1929. In fact, it didn't reach that high again for 25 years until November 23, 1954. Losses from the stock market crash helped create the Great Depression.
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