October 24: The Stock Market Crash

Black Thursday was on this date in 1929. An 11% total slide in US stock values was brought to a rest during the day by the action of a consortium of wealthy investors. Their purchases of blue chip stocks at above-market-value rates held investor fears at bay by the closing bell. However, the slide continued the following Monday the 28th and Tuesday the 29th (Black Tuesday), in which the market lost a further 12% and 13%, respectively.