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Legal Commentary

: TalkLeft

Stocks Plunge Amid Recession Fears

By Jeralyn

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Wall Street took a steep fall this morning.

For the superstitious among you, October 24, 1929 was the day the Great Depression started.

The crash of 1929, like the current global economic crisis, came after a prolonged period of economic growth.

October 24, 1929, known as Black Thursday, marked the first day of the crash with panic selling ensuing on the Dow Jones. This was triggered by predictions of an impending market crash, leading to a record 13m shares being traded.

Full post as published by TalkLeft on October 24, 2008 (boomark / email).

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