- ›› Coverage Geographical : Wall Street
Glossary Term – Event
Five days after the October 24 crisis, on Black Tuesday—October 29, 1929—the stock market experienced the greatest crash in its history. As soon as the stock exchange's gong sounded, a mad rush to sell began. Trading volume soared to an unprecedented 16,410,030 shares and the average price of a share fell 12 percent. This dive came with the convergence of economic problems of production, income, and credit. The crash destroyed the fortunes of brokers and speculators and set off a long period of economic panic. It also marked the beginning...
Ron Chernow presents the full sweep of Alexander Hamilton’s dramatic life and achievements and makes the case that Alexander Hamilton was the most influential American who never attained the presidency.