What is Wall Street Crash of 1929?
[[File:Crowd outside nyse.jpg|thumb|Crowd gathering on [[Wall Street]] after the 1929 crash.]] [[File:1929 wall street crash graph.svg|thumb|400px|The [[Dow Jones Industrial Average|Dow Jones Industrial]], 1928–1930]] The '''Wall Street Crash of 1929''' was the greatest [[stock market]] crash in the [[history of the United States]]. It happened in the [[New York Stock Exchange]] on Tuesday October 29, 1929, now known as '''Black Tuesday.'''<ref>Black Tuesday [http://www.americaslibrary.gov/jb/wwii/jb_wwii_subj.html Black Tuesday] -America's Story</ref> Bank failures followed, resulting in businesses closing. This caused worldwide panic, which started the [[Great Depression]]. Stock prices did not reach the same level until late 1954.<ref>{{cite news|url=http://www.timesonline.co.uk/tol/money/reader_guides/article6250577.ece |title=The beginner's guide to stock markets|work=[[The Times]] |quote=The most savage bear market of all time was the Wall Street Crash of 1929–1932, in which share prices fell by 89 per cent. | location=London|accessdate=January 29, 2012 |archiveurl=https://web.archive.org/web/20100525124235/http://www.timesonline.co.uk/tol/money/reader_guides/article6250577.ece|archivedate=May 25, 2010 |first=James|last=Bone}}</ref><ref>{{cite news|last1=Perrin|first1=Olivier|date=23 July 2011|title=LES GRANDS CHOCS DU XXE SIÈCLE (3) - En 1929, six jours de panique à Wall Street annoncent le pire, à venir|trans-title=THE MAJOR SHOCKS OF THE 20TH CENTURY (3) - In 1929, six days of panic on Wall Street announce the worst, to come|url=https://www.letemps.ch/monde/1929-six-jours-panique-wall-street-annoncent-pire-venir|language=French|issue=3|edition=Le Temps SA|location=Geneva|journal=[[Le Temps]]|issn=1423-3967|oclc=38739976|archive-url=https://archive.today/20190225160245/https://www.letemps.ch/monde/1929-six-jours-panique-wall-street-annoncent-pire-venir|archive-date=25 February 2019|access-date=25 February 2019|url-status=live}}</ref> The crash signaled the beginning of the 10-year [[Great Depression]]