This day 80 years ago

This day 80 years ago was called " Black Thursday " when stock market in New York - Wall Street crash ( October 24, 1929 ) but the catastrophic downturn is on Monday, October 28 and Tuesday, October 29 unprecedented and long lasting economic depression for the US and the world, stock market fell on that day for a full month.

Some bankers met to find a solution to the panic and chaos on the trading floor with vice president of the Exchange, they purchase a large block of shares in US Steel but over the weekend stock prices crashed even further, the market lost $ 14 billion in value that " Black Tuesday " and make $ 30 billion the loss of the week. They need 25 years ( 1954 ) for return to pre 1929 levels.

Dow Jones Index
Date : ......................... High : .............. Low : .............. Close :
1929 - 10 - 24 ............ 312,76 ............. 272, 32 ............ 299,47 = " Black Thursday "
1929 - 10 - 28 ............ 295,18 ............. 256,75 ............. 260,64
1929 - 10 - 29 ............ 252, 38 ............ 212,33 ............. 230,07 = " Black Tuesday "

1929 - 09 - 03 ............ 386,10 ....................................... 381,17

1954 - 11 - 23 ............ 384,29 ....................................... 382,74 = After 25 years.

They called this era as Great Depression, many of peoples have lost their job where unemployment was high and many company failed.
After we free from great depression we get into World War II, after we free from crocodile mouth we get into lion mouth.