Black Tuesday, Crash of the Stock Market
- Dow Jones Industrial average collapsed
- Continued selloff took place until 1932 when the DJIA was 89% of its 1929 peak
- People threw themselves out of buildings
- Business go bankrupts
- Banks close
- If banks close, no one gets their money back! even people who weren't "buying on the margin!
- Depression Begins
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summary
- stock market crashed and everyone lost mass amounts of money - banks went out of business and people were so unhappy- some killed themselves