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Wall Street Crash of 1929

Index Wall Street Crash of 1929

The Wall Street Crash of 1929, also known as Black Tuesday (October 29), the Great Crash, or the Stock Market Crash of 1929, began on October 24, 1929 ("Black Thursday"), and was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its after effects. [1]

90 relations: A Monetary History of the United States, Albert H. Wiggin, American Experience, Anna Schwartz, Bank, Bankruptcy, Bear raid, Black Monday (1987), Blue chip (stock market), Bond (finance), Business cycle, Business Insider, Call money, CFO (magazine), Charles E. Mitchell, Charles P. Kindleberger, Chase Bank, Clarence Hatry, Commercial bank, Daily News (Perth, Western Australia), Dow Jones Industrial Average, Economic bubble, Economy of the United States, Federal Reserve System, Financial Times, George Paish, Goldman Sachs, Gordon Thomas (author), Great Depression, History of the United States, Investment banking, Irving Fisher, J.P. Morgan & Co., John Brooks (writer), John Kenneth Galbraith, Joseph Schumpeter, Lapham's Quarterly, Lawrence Reed, Lender of last resort, Leverage (finance), List of largest daily changes in the Dow Jones Industrial Average, Loan, London Stock Exchange, Macroeconomics, Margin (finance), Market trend, Maury Klein, Max Morgan-Witts, Means test, Milton Friedman, ..., Mises Institute, Murray Rothbard, National Library of Australia, New York Stock Exchange, Nikolai Kondratiev, Panic of 1907, Panic selling, PBS, Pecora Commission, Price–earnings ratio, Princeton University Press, Protectionism, Richard Whitney (financier), Roaring Twenties, Rockefeller family, Roger Babson, Rolling Stone, Security (finance), Speculation, Stock, Stock market crash, The Courier-Mail, The Economist, The Great Crash, 1929, The Sydney Morning Herald, The Times, The Wall Street Journal, Thomas W. Lamont, Ticker tape, Tom Shachtman, U.S. Steel, Underwriting, United States Senate, Uptick rule, Wall Street, William C. Durant, World War I, World War II, 1933 Banking Act, 55 Wall Street. Expand index (40 more) »

A Monetary History of the United States

A Monetary History of the United States, 1867–1960 is a book written in 1963 by Nobel Prize–winning economist Milton Friedman and Anna J. Schwartz.

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Albert H. Wiggin

Albert Henry Wiggin (February 21, 1868 – May 21, 1951) was an American banker.

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American Experience

American Experience is a television program airing on Public Broadcasting Service (PBS) television stations in the United States.

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Anna Schwartz

Anna Jacobson Schwartz (/ʃwɔːrts/; November 11, 1915 – June 21, 2012) was an American economist who worked at the National Bureau of Economic Research in New York City and a writer for the New York Times.

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Bank

A bank is a financial institution that accepts deposits from the public and creates credit.

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Bankruptcy

Bankruptcy is a legal status of a person or other entity that cannot repay debts to creditors.

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Bear raid

A bear raid is a type of stock market strategy, where a trader (or group of traders) attempts to force down the price of a stock to cover a short position.

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Black Monday (1987)

In finance, Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed.

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Blue chip (stock market)

A blue chip is stock in a corporation with a national reputation for quality, reliability, and the ability to operate profitably in good times and bad.

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Bond (finance)

In finance, a bond is an instrument of indebtedness of the bond issuer to the holders.

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Business cycle

The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend.

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Business Insider

Business Insider is an American financial and business news website that also operates international editions in the UK, Australia, China, Germany, France, South Africa, India, Italy, Indonesia, Japan, Malaysia, Netherlands, Nordics, Poland, Spanish and Singapore.

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Call money

Call money is minimum 5% short-term finance repayable on demand, with a maturity period of one to fourteen days or overnight to fortnight.

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CFO (magazine)

CFO is a monthly magazine published in the United States.

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Charles E. Mitchell

Charles Edwin Mitchell (October 6, 1877 – December 14, 1955) was an American banker whose incautious securities policies facilitated the speculation which led to the Crash of 1929.

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Charles P. Kindleberger

Charles Poor "Charlie" Kindleberger (October 12, 1910 – July 7, 2003) was an economic historian and author of over 30 books.

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Chase Bank

JPMorgan Chase Bank, N.A., doing business as Chase Bank, is a national bank headquartered in Manhattan, New York City, that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Chase & Co.

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Clarence Hatry

Clarence Charles Hatry (1888–1965) was a company promoter, financier, bankrupt, bookseller and publisher.

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Commercial bank

A commercial bank is an institution that provides services such as accepting deposits, providing business loans, and offering basic investment products.

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Daily News (Perth, Western Australia)

The Daily News, historically a successor of The Inquirer and The Inquirer and Commercial News, was an afternoon daily English language newspaper published in Perth, Western Australia from 1882 to 1990, though its origin is traceable from 1840.

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Dow Jones Industrial Average

The Dow Jones Industrial Average (DJIA), or simply the Dow, is a stock market index that shows how 30 large, publicly owned companies based in the United States have traded during a standard trading session in the stock market.

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Economic bubble

An economic bubble or asset bubble (sometimes also referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania, or a balloon) is trade in an asset at a price or price range that strongly exceeds the asset's intrinsic value.

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Economy of the United States

The economy of the United States is a highly developed mixed economy.

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Federal Reserve System

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.

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Financial Times

The Financial Times (FT) is a Japanese-owned (since 2015), English-language international daily newspaper headquartered in London, with a special emphasis on business and economic news.

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George Paish

Sir George Paish (7 November 1867 – 1 May 1957) was a British liberal economist of international renown, author of "The Defeat of Chaos" (1941), as well as "Railways in Great Britain" (1904), and co-author of "Road To Prosperity" in 1927.

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Goldman Sachs

The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company headquartered in New York City.

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Gordon Thomas (author)

Gordon Thomas (1933–2017) was a British investigative journalist and author, notably on topics of secret intelligence.

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Great Depression

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

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History of the United States

The history of the United States began with the settlement of Indigenous people before 15,000 BC.

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Investment banking

An investment bank is typically a private company that provides various finance-related and other services to individuals, corporations, and governments such as raising financial capital by underwriting or acting as the client's agent in the issuance of securities.

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Irving Fisher

Irving Fisher (February 27, 1867 – April 29, 1947) was an American economist, statistician, inventor, and Progressive social campaigner.

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J.P. Morgan & Co.

J.P. Morgan & Co. is a commercial and investment banking institution founded by J. P. Morgan in 1871.

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John Brooks (writer)

John Brooks (December 5, 1920 – July 27, 1993) was a writer and longtime contributor to The New Yorker magazine, where he worked for many years as a staff writer, specializing in financial topics.

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John Kenneth Galbraith

John Kenneth Galbraith (October 15, 1908 - April 29, 2006), also known as Ken Galbraith, was a Canadian-born economist, public official, and diplomat, and a leading proponent of 20th-century American liberalism.

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Joseph Schumpeter

Joseph Alois Schumpeter (8 February 1883 – 8 January 1950) was an Austrian political economist.

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Lapham's Quarterly

Lapham's Quarterly is a literary magazine established in 2007 by former Harper's Magazine editor Lewis H. Lapham.

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Lawrence Reed

Lawrence W. Reed (born September 29, 1953), also known as Larry Reed, is president of the Foundation for Economic Education (FEE).

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Lender of last resort

A lender of last resort (LOLR) is the institution in a financial system that acts as the provider of liquidity to a financial institution which finds itself unable to obtain sufficient liquidity in the interbank lending market and other facilities or sources have been exhausted.

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Leverage (finance)

In finance, leverage (sometimes referred to as gearing in the United Kingdom and Australia) is any technique involving the use of borrowed funds in the purchase of an asset, with the expectation that the after tax income from the asset and asset price appreciation will exceed the borrowing cost.

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List of largest daily changes in the Dow Jones Industrial Average

This is a list of the largest daily changes in the Dow Jones Industrial Average.

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Loan

In finance, a loan is the lending of money by one or more individuals, organizations, and/or other entities to other individuals, organizations etc.

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London Stock Exchange

The London Stock Exchange (LSE) is a stock exchange located in the City of London, England.

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Macroeconomics

Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.

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Margin (finance)

In finance, margin is collateral that the holder of a financial instrument has to deposit with a counterparty (most often their broker or an exchange) to cover some or all of the credit risk the holder poses for the counterparty.

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Market trend

A market trend is a perceived tendency of financial markets to move in a particular direction over time.

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Maury Klein

Maury Klein (born 14 March 1939 in Memphis, Tennessee) is an American historian and author of books on 19th-century American history and the American railroad industry.

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Max Morgan-Witts

Max Morgan-Witts (born 27 September 1931) is a British producer, director and author of Canadian origin.

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Means test

A means test is a determination of whether an individual or family is eligible for government assistance, based upon whether the individual or family possesses the means to do without that help.

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Milton Friedman

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

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Mises Institute

The Mises Institute, short name for Ludwig von Mises Institute for Austrian Economics, is a tax-exempt educative organization located in Auburn, Alabama, United States.

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Murray Rothbard

Murray Newton Rothbard (March 2, 1926 – January 7, 1995) was an American heterodox economist of the Austrian School, a historian and a political theorist whose writings and personal influence played a seminal role in the development of modern right-libertarianism.

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National Library of Australia

The National Library of Australia is the largest reference library in Australia, responsible under the terms of the National Library Act for "maintaining and developing a national collection of library material, including a comprehensive collection of library material relating to Australia and the Australian people." In 2012–13, the National Library collection comprised 6,496,772 items, and an additional of manuscript material.

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New York Stock Exchange

The New York Stock Exchange (abbreviated as NYSE, and nicknamed "The Big Board"), is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York.

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Nikolai Kondratiev

Nikolai Dmitriyevich Kondratiev (in some sources also referred as Kondratieff; Russian: Никола́й Дми́триевич Кондра́тьев; 4 March 1892 – 17 September 1938) was a Russian economist, who was a proponent of the New Economic Policy (NEP), which promoted small private, free market enterprises in the Soviet Union.

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Panic of 1907

The Panic of 1907 – also known as the 1907 Bankers' Panic or Knickerbocker Crisis – was a United States financial crisis that took place over a three-week period starting in mid-October, when the New York Stock Exchange fell almost 50% from its peak the previous year.

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Panic selling

Panic selling is a wide-scale selling of an investment which causes a sharp decline in prices.

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PBS

The Public Broadcasting Service (PBS) is an American public broadcaster and television program distributor.

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Pecora Commission

The Pecora Investigation was an inquiry begun on March 4, 1932, by the United States Senate Committee on Banking and Currency to investigate the causes of the Wall Street Crash of 1929.

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Price–earnings ratio

The price/earnings ratio (often shortened to the P/E ratio or the PER) is the ratio of a company's stock price to the company's earnings per share.

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Princeton University Press

Princeton University Press is an independent publisher with close connections to Princeton University.

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Protectionism

Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations.

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Richard Whitney (financier)

Richard Whitney (August 1, 1888 – December 5, 1974) was an American financier, president of the New York Stock Exchange from 1930 to 1935.

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Roaring Twenties

The Roaring Twenties was the period in Western society and Western culture that occurred during and around the 1920s.

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Rockefeller family

The Rockefeller family is an American industrial, political, and banking family that owns one of the world's largest fortunes.

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Roger Babson

Roger Ward Babson (July 6, 1875 in Gloucester, Massachusetts – March 5, 1967 in Lake Wales, Florida) was an American entrepreneur, economist and business theorist in the first half of the 20th century.

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Rolling Stone

Rolling Stone is an American monthly magazine that focuses on popular culture.

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Security (finance)

A security is a tradable financial asset.

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Speculation

Speculation is the purchase of an asset (a commodity, goods, or real estate) with the hope that it will become more valuable at a future date.

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Stock

The stock (also capital stock) of a corporation is constituted of the equity stock of its owners.

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Stock market crash

A stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth.

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The Courier-Mail

The Courier-Mail is a daily tabloid newspaper published in Brisbane, Australia.

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The Economist

The Economist is an English-language weekly magazine-format newspaper owned by the Economist Group and edited at offices in London.

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The Great Crash, 1929

The Great Crash, 1929 is a book written by John Kenneth Galbraith and published in 1955; it is an economic history of the lead-up to the Wall Street Crash of 1929.

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The Sydney Morning Herald

The Sydney Morning Herald (SMH) is a daily compact newspaper published by Fairfax Media in Sydney, Australia.

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The Times

The Times is a British daily (Monday to Saturday) national newspaper based in London, England.

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The Wall Street Journal

The Wall Street Journal is a U.S. business-focused, English-language international daily newspaper based in New York City.

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Thomas W. Lamont

Thomas William Lamont, Jr. (September 30, 1870 – February 2, 1948) was an American banker.

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Ticker tape

Ticker tape was the earliest digital electronic communications medium, transmitting stock price information over telegraph lines, in use between around 1870 through 1970.

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Tom Shachtman

Tom Shachtman (born 1942) is an American author, journalist, filmmaker, and educator.

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U.S. Steel

United States Steel Corporation, more commonly known as U.S. Steel, is an American integrated steel producer headquartered in Pittsburgh, Pennsylvania, with production operations in the United States, Canada, and Central Europe.

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Underwriting

Underwriting services are provided by some large specialist financial institutions, such as banks, insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee.

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United States Senate

The United States Senate is the upper chamber of the United States Congress, which along with the United States House of Representatives—the lower chamber—comprise the legislature of the United States.

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Uptick rule

The uptick rule is a trading restriction that states that short selling a stock is only allowed on an uptick.

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Wall Street

Wall Street is an eight-block-long street running roughly northwest to southeast from Broadway to South Street, at the East River, in the Financial District of Lower Manhattan in New York City.

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William C. Durant

William Crapo "Billy" Durant (December 8, 1861 – March 18, 1947) was a leading pioneer of the United States automobile industry, who created the system of multi-brand holding companies with different lines of cars; and the co-founder of General Motors with Frederic L. Smith, and of Chevrolet with Louis Chevrolet.

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World War I

World War I (often abbreviated as WWI or WW1), also known as the First World War, the Great War, or the War to End All Wars, was a global war originating in Europe that lasted from 28 July 1914 to 11 November 1918.

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World War II

World War II (often abbreviated to WWII or WW2), also known as the Second World War, was a global war that lasted from 1939 to 1945, although conflicts reflecting the ideological clash between what would become the Allied and Axis blocs began earlier.

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1933 Banking Act

The Banking Act of 1933 was a statute enacted by the United States Congress that established the Federal Deposit Insurance Corporation (FDIC) and imposed various other banking reforms.

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55 Wall Street

The National City Bank Building at 55 Wall Street between William and Hanover Streets in the Financial District of downtown Manhattan, New York City, was built in 1836–1841 as the Merchants' Exchange, replacing the previous exchange, which had opened in 1827 and burned down in the Great Fire of New York in 1835.

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References

[1] https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929

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