1929: The Great Crash

sriranga · 1 1929: The Great Crash Sun Dec 16, 2012 7:39 pm

sriranga

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Well here’s a documentary on the 1929 crash, not to make light of our present situation but this is an eye opening documentary. Over a period of 6 days in October 1929 the US stock market lost a third of its value; wiping out more than $25 billion in individual wealth (worth a bit more in those days! – after adjusting for inflation), while 3,000 banks ended up failing and wiping out investors’ savings.

Source: http://bx.businessweek.com

More reading:
1. http://forum.srilankaequity.com/t5643-the-wall-street-crash-1929?highlight=1929

2.http://forum.srilankaequity.com/t15256-lessons-learned-the-1929-stock-market-crash?highlight=1929

kukumarx · 2 Re: 1929: The Great Crash Mon Dec 17, 2012 12:31 am

kukumarx

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Thanks for posting the video. What we saw in our market recently is all there!

Redbulls · 3 Re: 1929: The Great Crash Tue Dec 18, 2012 11:32 am

Redbulls

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Thanks for sharing.

ranferdi · 4 Re: 1929: The Great Crash Tue Dec 18, 2012 12:16 pm

ranferdi

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Thanks for Sharing the valuable Video. Thought duration is not short as 6 days We the investors of CSE too had the crash of same magnitude. Hope the worst is over for us.