Tonite on PBS, an hour long documentary on the Crash of 1929, from 9:00 to 10:00pm EST:
In 1929, while the stock market was rising, seemingly without limits, there were few critics. Based on eight years of continued prosperity, presidents and economists alike confidently predicted that America would soon enter a time when there would be no more poverty, no more depressions — a “New Era” when everyone could be rich.
The Crash of 1929 captures the unbounded optimism of the age and the shocking consequences when reality finally hit, exploring a fateful year through the words and experiences of the descendants of several titans of finance.
Full program transcript here
For a perspective with the current economic crisis, view the “World History Timeline” for October 24, 1929 called “Black Thursday” which was the start of stock market crash of 1929 and the Dow Jones was down 12.8% in one day. Then, another big drop of 13% on October 28, 1929 on “Black Monday”. Finally, the last big decrease on stock prices happened on “Black Tuesday”.
Wall Street Crash and the Depression
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.