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The Write Team Daily: "The Money Was Gone"
THE DAY WALL STREET COLLAPSED | October 29, 1929
New York City, New York
On October 29, 1929, panic swept across Wall Street as investors desperately tried to sell their stocks. The New York Stock Exchange was overwhelmed, prices plunged, and ticker-tape machines fell hours behind the actual trading.
By the closing bell, approximately 16.4 million shares had changed hands, the Dow Jones Industrial Average had fallen nearly 12 percent, and an estimated $14 billion in market value had disappeared.
TIn today's headline story on The Write Team Daily, we revisit the speculation and borrowed money…
The skinny
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