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On "Black Thursday", the New York Stock Exchange lost 11 percent of its value at the opening bell on very heavy trading, marking the beginning of the Great Depression.

Historical image related to On "Black Thursday", the New York Stock Exchange lost 11 percent of its value at the opening bell on very heavy trading, marking the beginning of the Great Depression. from October 24, 1929

Wall Street crash of 1929

Major stock market crash in the United States

The Wall Street crash of 1929, also known as the Great Crash, was a major stock market crash in the United States which began in October 1929 with a sharp decline in prices on the New York Stock Exchange (NYSE). It triggered a rapid erosion of confidence in the U.S. banking…
Source: Wikipedia (CC BY-SA)

New York Stock Exchange

American stock exchange

The New York Stock Exchange is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is the largest stock exchange in the world by market capitalization, exceeding $25 trillion in July 2024. The NYSE is owned by Intercontinental Exchange,…
Source: Wikipedia (CC BY-SA)

Great Depression

Worldwide economic depression (1929–1939)

The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and business failures around the world.…
Source: Wikipedia (CC BY-SA)