In the aftermath of the First World War, the United States experienced a period of economic expansion that came to be known as the ‘Roaring Twenties’. So devastating was the crisis that it took over two decades for stock prices to reclaim pre-depression highs. This crash signalled the start of the Great Depression of the 1930s, the longest and most severe period of economic depression in the 20 th century.
In September that year, stock prices started drifting lower, but the climax was on the Black Tuesday of October 29th, 1929, when over 16 million shares were traded, and prices literally collapsed on the New York Stock Exchange. Also known as the Great Crash, the Wall Street Crash of 1929 is widely regarded as the worst economic crisis that ever happened in the US.
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