The Stock Market Crashes of 1929 and 1987
The stock market crash of 1929 occurred over a period of time that was the beginning of what is called the Great Depression. Everyone wanted to invest their money in the stock market. People thought that the stock market was the perfect place to make money.
The Stock Market Crash began on Oct. 24,1929 as stock prices were already dropping. On this day approximately $15 billion dollars was lost and many lost
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total value. That fall far surpassed the one-day loss of 12.9% that began the great stock market crash of 1929 and foreshadowed the Great Depression. The Dow's 1987 fall also triggered panic selling and similar drops in stock markets worldwide. Unlike in 1929, the market soon rebounded after the crash, posting record one-day high gains of 102.27 the next day and 186.64 points two days later. By September 1989, the Dow had regained all the value it had lost in the crash.