A severe downturn in equity prices that occurred in October of 1929 in the United States, and which marked the end of the "Roaring Twenties." The crash of 1929 did not occur in one day, but was spread out over a two-week period beginning in mid-October.
The first portion of the crash occurred on October 24, a day known as Black Thursday. The following week brought Black Monday and Black Tuesday – the Dow Jones Industrial Average fell more than 20% over those two days. Pre-existing selling pressures and fear in the stock market were exasperated by a flood of sell orders that shut down the ticker-tape service that provided stock prices to traders. With key information missing from the markets, selling intensified even further.
Despite a few attempts at recovery, the stock market continued to languish, eventually falling almost 90% from its peak in 1929.
Taobiz explains Stock Market Crash Of 1929
The lead-up to October 1929 saw equity prices rise to all-time high multiples of more than 30 times earnings, and the benchmark Dow Jones Industrial Average had risen 500% in just five years! This type of hyper-growth has shown itself to be unsustainable over time, as markets generally perform their best when they can grow steadily.
It took over 25 years for the DJIA to get back to the highs of the 1929 market, as the U.S. economy suffered through what we now call the Great Depression. Major new legislative and regulatory changes were enacted following the speculative bubble and crash of the 1920s in an effort to prevent the same situation from happening again.
深圳投融网商务有限公司是一家专注企业投融资与上市服务的专业机构。公司团队来自国内外的投行精英，具备丰富的国内外的投资银行从业经验，拥有丰富的金融、财务、管理、审计、法律等专业知识与上市辅导经验。
投融网（www.ipo.hk）创建于2011年，拥有300万+俱乐部成员，涵盖银行、券商、信托、政府平台公司、上市公司、拟上市公司、融资租赁公司、商业保理公司、公募基金、私募基金、风险投资机构、天使投资机构、律师事务所、会计师事务所、评估机构、新闻媒体、高净值个人投资者等。秉承链接、赋能、共赢的经营理念，构建了高效的投融资与上市服务生态圈。
欢迎各类机构洽谈合作。
邮箱：service@ipo.hk
电话：0755-33572246
