The Crash of '29

[DerekLeung]

The Crash of '29

Hysteria on the Street
On the day of the collapse, the exchange lost $14 billion in value, ten times the annual budget of the federal government at that time.

Black Thursday
Selling was triggered in part by a huge sell-off the preceding Thursday. Despite the efforts of brokers the following day (when this photo was taken) shares continued to decline, a trend dramatized by the newspapers in their weekend editions.

Trading Floor
As the slide continued, trading increased. Over 16 million shares were traded, a record not broken until 1969. During the panic, clerks worked for 48 straight hours.

Anxious Investors
Brokerage house customers flock to the financial district as news of the crash spread.

All Nighter
Exhausted clerks from the exchange catch some sleep in a nearby gym.

Headlines
Despite the optimistic headline, the news from Wall Street would not get any better.

Desperate for Cash
A speculator tries to sell his car after losing all his money in the market.

Run on the Bank
Panicked by the collapse of the market, customers of a bank in New Jersey race to Passaic to claim their deposits.

Depression
The crash led to untold bankrupties and business closures, causing many Americans to lose their jobs.

 

[singveld]

US 100 for a car. i like that photo, i saw that at the top of the rock.

i think that was rocky himself. well, his family still very rich now, even he lost money in stock market.

but the crash of 29 is not similar to this time.

because, there was no run of bank this time, more like japanese bubble of 90's.

crash of 29
--------------
stock market crash
run on the bank
mass unemployment
trade war
world war

this time, it will be like japan, no growth for decade or more..............

 

[SamuelStalin]

Those were the days when the stock market was communicated by chalks and blackboards. And numerical fractions too as opposed to decimals. Hmm, those times.

 

[DerekLeung]

US 100 for a car. i like that photo, i saw that at the top of the rock.

i think that was rocky himself. well, his family still very rich now, even he lost money in stock market.

but the crash of 29 is not similar to this time.

because, there was no run of bank this time, more like japanese bubble of 90's.

crash of 29

Why are you looking at the car?

 

[SamuelStalin]

Why are you looking at the car?

Cos the car rocks and also cos the rest is pointless you dumbfuck?

Oh, you're disappointed because no one bothers to say anything about "the big picture" much less whine collectively with you?

And you mean you are one of those who lost everything including even their entire live savings on the stock market?

If you want to doom and gloom yourself go ahead, and then go kill yourself. End it all. Why is there a need to persist in and aggravating negative situations by spreading your worthless comparisons to other people? Would it better the situation?

As if we don't know the economic shape of today and we need you to teach us.

You stupid whining fuck.

 

[SamuelStalin]

US 100 for a car. i like that photo, i saw that at the top of the rock.

i think that was rocky himself. well, his family still very rich now, even he lost money in stock market.

but the crash of 29 is not similar to this time.

because, there was no run of bank this time, more like japanese bubble of 90's.

crash of 29
--------------
stock market crash
run on the bank
mass unemployment
trade war
world war

this time, it will be like japan, no growth for decade or more..............

Yup that car rocks. But $100 may sound small, but was pretty big at that time

 

[SamuelStalin]

Yes the stock market crash should KILL YOU. You should DIE from it, you spastic worthless wolf-hugging bladder face.

YES DIE!!!!

The Crash of '29