Automatically translated from Basque, translation may contain errors. More information here. Elhuyarren itzultzaile automatikoaren logoa

Craca starts at 29 and as a consequence the Great Depression

years ago

24 October 1929,

The craca of 29 begins, with what the Great Depression. The New York stock market started to drop and at the end of the day stocks were sold on the market at sand price. It was the biggest drop in the stock market in the history of the American stock market. It remained the same in the coming days and many investors failed. The effects were shifted to all areas of the economy and, among others, in the coming years unemployment rates rose dramatically. The global reach and long duration of the conclusions led to a crisis of 29, known as the Great Depression.


Josep Fontana, The Century of Revolution. A history of the world since 1914 (Ed. Criticism).

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