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Why Did The Stock Market Crash

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On October 24, 1929, the worst stock market crash in the United States history happened kicking of the great depression. Before the New York Stock Exchange ever opened investors were very worried. The market was opened at 305.85 and it immediately fell 11 percent during trading day. This worried the Wall Street bankers, the stock market had fallen almost 20 percent since September 3,1929, and what made things even worse; the trading was at 12.9 million shares and that is three times the normal amount. The Morgan Bank, Chase National Bank, and National City Bank of New York were the three biggest banks at the time and they brought their stocks down to restore confidence in the markets. This somehow seemed to work, it recovered a bit closing

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