Black Tuesday October 22, 1929 Stock Market Crash
“The wires to other cities were jammed with frantic orders to sell. So were the cables, radio, and telephones to Europe and the rest of the world. Buyers were few, sometimes wholly absent.... This was real panic.... When the closing bell rang, the great bull market was dead and buried.”
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As the stock became more popular, many people began to invest in it. Eventually consumerism caught up with the market, and over production, along with a weak European economy and other factors led to the market crashing on Tuesday October 22nd, 1929.
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