August 2015 was not a happy month for Wall Street when the Dow Jones fell 1300 points over a three-day period sparking significant media attention and economic anxiety. While U.S. politicians work to determine the cause, effect, and preventative measures needed to prevent a new recession, today serves as an important reminder for one of the hardest and most influential decades in American history.
October 29th, 1929, coined Black Tuesday, was the most devastating day in the Wall Street Crash of 1929, which to this day is the worst stock market crash in United States history.
The Wall Street Crash of 1929 saw a loss of over $25 billion – or the equivalent of $319 billion in dollar value today.