
On October 28, 1929, panic swept the New York Stock Exchange. The Dow Jones Industrial Average fell nearly 13 percent in a single day, as investors who had bought stocks with borrowed money rushed to sell.
The next day, Black Tuesday, brought another massive drop. The Crash of 1929 wiped out fortunes and shattered confidence, and it was followed by the Great Depression, the worst economic downturn of the 20th century.
What lessons from 1929 do you think still apply today?
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