Wall Street Crash Timeline Flashcards
Saturday 19 October 1929
Nearly 3.5 million shares were bought and sold. Prices were beginning to fall.
Monday 21 October 1929
Over 6 million shares bought and sold. Great fluctuations in prices.
Tuesday 22 October 1929
All seems well with prices slightly recovering.
Wednesday 23 October 1929
Over 2.5 million shares were sold in the last hour of trading. More and more people are trying to sell their shares and get out of the stock market.
Thursday 24 October 1929
‘Black Thursday’ - Prices fell so quickly that people rushed to sell their shares. Nearly 13 million shares have been traded.
Friday 25 October 1929
Bankers met at midday to support the stock market. This seems to have worked as prices have steadied.
Saturday 26 October 1929
President Hoover assured all Americans that the panic was over and that businesses and banking would soon recover
Monday 28 October 1929
Heavy selling again on the stock market. Almost 3 million shares were sold in the last hour of business. Dramatic falls in prices
Tuesday 29 October 1929
‘Black Tuesday’ - Nearly 16.5 million shares have been traded. Shares have lost all value. Many shareholders have lost everything. Suicides reported.
