Stock Market Crash of October, 1929
Stock Market Crash
of October, 1929 Finance Definition
A period of several days over which the Dow
Jones Industrial Average (DJIA) fell by 12.82 percent, which was a strong
percentage decline for the relatively low level of the DJIA. From its peak in
September to the end of 1929, the DJIA fell by about 34 percent. Black
Thursday, Oct. 25, 1929, was one of the days the DJIA fell sharply during this
period.
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