The crash of the Wall Street stock market in October 1929
- Brought to an end the wealth and ostentation seen in certain sectors of American and other Western societies, in the previous decade.
- Many had believed that the stock market would rise indefinitely but it’s collapse heralded the twelve year, ‘Great Depression’ that would affect all Western countries.
A timely reminder of how hard it was for families to come through such a collapse, with the ensuing unemployment that followed, can be followed in the link to the New York Times
Posted in Americas, THEMES, LOCATION, Theme Major Events, Employment, New York, TIMELINE, 20th Century 1900-1999, History