Consequences: The Great Depression and Unemployment

On October 28, 1929, a day known as Black Monday, the New York Stock Exchange suffered its greatest one-day loss in history. 

The next day, known as Black Tuesday, the market dropped even further, registering the second biggest one-day loss in history. 

This was the start of an extended bear market that saw the Dow Jones Industrial Average drop 89% in just under three years and ushered in the period we know as the Great Depression. 

Learn more about the 1929 Stock Market crash, its causes, and its ramifications on this episode of Everything Everywhere Daily.

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