On October 29th, 1929, the stock market crashed. On that day - "Black Tuesday" as it came to be known - the Dow Jones Industrial Average lost almost 31 points. That doesn't sound like much today, but back then it amounted to a drop of nearly 12 percent. And that was just the beginning. The Dow would eventually bottom out in July of 1932 at 41 points. That's right: 41. By then investors had lost billions and the country was in the throes of its worst financial crisis ever. On the 75th anniversary of the 1929 stock market crash, Marketplace will take a special look back at Black Tuesday, a day that triggered monumental changes in America's financial markets - and in America itself. In reports on Marketplace and the Marketplace Morning Report, Sound Money and Weekend America, we'll hear from some of the last living witnesses to the crash. We'll also examine its causes and how it still affects us even today. And we'll ask the question: Could it happen again?
Sound Money, October 23, 2004. Who bought stocks in '29 - and what happened to them after the market crashed? What's been done to prevent it from happening again - or could it happen again? How does the '29 crash affect investing, even to this day? How safe is our money today?
Weekend America, October 23, 2004. The number of people still alive who remember the crash is rapidly dwindling. Which got us to thinking: What happens when the last living witnesses to a great historical event pass away? Marketplace's Matthew Algeo discusses the pleasures and perils of "last living witnesses."
Marketplace Morning Report, Friday, October 29, 2004. Seventy-five years ago today, the stock market crashed. The Dow fell nearly 12 percent -- and kept falling. It bottomed out in 1932 at 41 points. By then the country was mired in its worst Depression ever. The Crash of '29 profoundly affected a generation of Americans. And it continues to affect them -- and the rest of us -- to this day.
Marketplace, Friday, October 29, 2004. Seventy-five years ago today -- on October 29th, 1929 -- the stock market crashed. On that day -- "Black Tuesday" as it came to be known -- the Dow Jones Industrial Average lost almost 31 points. That doesn't sound like much today, but back then it amounted to a drop of nearly 12 percent. And that was just the beginning. The Dow would eventually bottom out in July of 1932 at 41 points. By then investors had lost billions and the country was in the throes of its worst financial crisis ever. Today, Marketplace's Matthew Algeo takes a special look back at Black Tuesday, a day that triggered monumental changes in America's financial markets -- and in America itself.
Marketplace Morning Report, Friday, October 29, 2004. On this date in 1929, the stock market crashed. Seventy-five years later, there aren't many people left on Wall Street who remember the Crash of '29. But Al Gordon does. He's been working on Wall Street since Calvin Coolidge was in the White House. And he's seen a lot of changes.
Sound Money, October 23, 2004. Who bought stocks in '29 - and what happened to them after the market crashed? What's been done to prevent it from happening again - or could it happen again? How does the '29 crash affect investing, even to this day? How safe is our money today?
Marketplace Morning Report, Friday, October 29, 2004. Seventy-five years ago today, the stock market crashed. The Dow fell nearly 12 percent -- and kept falling. It bottomed out in 1932 at 41 points. By then the country was mired in its worst Depression ever. The Crash of '29 profoundly affected a generation of Americans. And it continues to affect them -- and the rest of us -- to this day.
Marketplace Morning Report, Friday, October 29, 2004. On this date in 1929, the stock market crashed. Seventy-five years later, there aren't many people left on Wall Street who remember the Crash of '29. But Al Gordon does. He's been working on Wall Street since Calvin Coolidge was in the White House. And he's seen a lot of changes.
