Known as Black Thursday, the crash … It was triggered by a stock market crash in New York, however, the impacts quickly spread globally. In late October 1929 the stock market crashed, wiping out 40 percent of the paper values of common stock. Jesse Livermore correctly predicted the crash and shorted stocks to profit from the decline, earning him over 100 million dollars. The 1929 Stock Market Crash I have learned that the Stock Market Crash of 1929 really affected America. Learn more about the crash in this article. Stock market crash of 1929, a sharp decline in U.S. stock market values in 1929 that contributed to the Great Depression of the 1930s, which lasted approximately 10 years and affected both industrialized and nonindustrialized countries in many parts of the world. Foreign Balance of Payments World War I had turned the U.S. from a debtor nation into a creditor nation. It is a good thing this event has gone down in history, that way we won't make a mistake like this ever again. It shows how much value the bank has and if a mistake is made it is very affective. Schwarzer Donnerstag (englisch Black Thursday) ist eine Bezeichnung für den 24. at the end of the stock marketday on thurs. German companies had enjoyed an economic boom in the years prior to the crash, but it wasn't legitimate. The stock market crash of 1929 was a direct result of stock market speculation and a lack of oversight by the federal government, since stocks quickly became wildly overvalued. 4. oct,24 the market was at a selling panic attack. The Great Depression was a period of economic turmoil between 1929 and the mid '30s. Joseph Kennedy, President John F. Kennedy’s father, sold his stocks before the 1929 stock market crash and kept millions of dollars of profit. Stock market crash of 1929. the profit flew down and that was the result of the stock market crash The 1929 stock market crash was beneficial for some speculators, however. In October of 1929, the stock market crashed, wiping out billions of dollars of wealth and heralding the Great Depression. Instead, the stock market continued to plummet over the course of a few days setting in motion one of the most devastating periods in the history of the United States. When the stock market crashed in 1929, it didn’t happen on a single day. Oktober 1929 und den damit verbundenen folgenreichsten Börsenkrach der Geschichte. Nachdem schon in den Vorwochen ein deutlicher Rückgang des zuvor jahrelang stark steigenden Dow-Jones-Index verzeichnet worden war, brach an diesem Tag Panik unter den Anlegern der New York Stock Exchange aus. As a result, most of these banks were highly insolvent; between 1923 and 1929, banks closed at the rate of two a day. Until the stock market crash in 1929, prosperity covered up the flaws in the banking system.