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 TIMELINE, 20th Century 1900-1999, History, Americas, THEMES, LOCATION, Theme Major Events, Employment, New York