Wall Street crash of 1929
This crash lasted over four years and was the result of the bursting of the speculative bubble in shares, leading to a share price collapse.
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This is known as the Wall Street crash which led to the Great Depression. It is the most devastating stock market crash in the history of the US, considering its massive side-effects. The crash followed London’s Stock Exchange crash and marked the start of the 12-year great depression globally, affecting all Western industrialized countries.