Black Tuesday, October 22, 1929:Stock Market Crash
- Dow Jones Industrial average collapsed
- Continued selloff took place until 1932 when the DJIA was 89% of its 1929 peak
- People threw themselves out of buildings
- Businesses go bankrupt
- Banks close
- Depression begins
The economy crashed on Tuesday, October 22 1929, because of this banks started to close, and people lost all their money they've had saved. Causing many people to go into debt, and many people were in a finacial struggle throughout this period. Some instances include people jumping off buildings.