On this date in 1929…

via BigGovernment:

Today, in 1929, was ‘Black Tuesday.’ This final day of the great stock market crash, with a powerful assist from boneheaded government policy, helped usher in the Great Depression.

stock_crash_07

UPDATE: FoxNews.com a slide show, “80 Years Later: Great Depression Tales.”

“Eighty years ago, the world changed forever. Black Tuesday, October 29, 1929, launched a Great Depression that rippled across the globe and lasted for more than a decade. It set in motion the ascent of great leaders and despots, a World War and a Cold War, and became the single defining financial event against which all others will always be measured.”

NY Times Stock Market Crash 1929

The front page of the New York Times, Oct. 30, 1929, the day after the stock market crashed. Click here to read the original stock market crash article.

Unemployment, which peaked at 24.9 percent in 1933, had fallen to 9.9 percent by the time Pearl Harbor was attacked in December of 1941 and America entered World War II. The jobless rate dropped to 4.7 percent during the war.

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