1929: The Wall Street Crash

1929: The Wall Street Crash

SBS  |  November 30, 2009

What can the onset of the Great Depression tell us about our current financial crisis? As It Happened: 1929 The Wall Street Crash explores the causes of the 1929 Wall Street Crash. Over six terrifying, desperate days in October 1929, shares crashed by a third on the New York Stock Exchange. More than $25 billion in individual wealth was lost. Later, three thousand banks failed, taking people's savings with them. Surviving eyewitnesses describe the biggest financial catastrophe in history.

What can the onset of the Great Depression tell us about our current financial crisis? As It Happened: 1929 The Wall Street Crash explores the causes of the 1929 Wall Street Crash. Over six terrifying, desperate days in October 1929, shares crashed by a third on the New York Stock Exchange. More than $25 billion in individual wealth was lost. Later, three thousand banks failed, taking people's savings with them. Surviving eyewitnesses describe the biggest financial catastrophe in history.

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