The Roaring Twenties came to an end with the Stock Market Crash of 1929. Up until that October of 1929, the decade of the twenties had been a time of prosperity and wealth for most Americans. Business and industry flourished, while new found technology and science created a new standard of living for the American people. But that decade of prosperity and excess came to an end on October 24, 1929 when stocks at the New York Stock Exchange collapsed. This date is known as “Black Tuesday”. (1) Soon after, several bankers began investing again, which rejuvenated the market. On October 26, 12.9 million shares were sold, doubling the previous records. (2) Four days later the market collapsed again, unfortunately, this time there was no one to save it. On October 29, over 16.4 million stock shares were sold and the country began to panic. (3) For the next two years, the stock market continued to drop, sending the country into The Great Depression.
1. http://www.enotes.com/history-fact-finder/economics-business/what-was-black-tuesday
2. http://history1900s.about.com/od/1920s/a/stockcrash1929.htm\
3. http://history1900s.about.com/od/1920s/a/stockcrash1929_2.htm
