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Marketplace PM for October 29, 2004

Episode Description 

The week that was on Wall Street

Host David Brown catches up with Dallas Stockbroker and analyst David Johnson about the week on Wall Street.

Special Report: The Crash of 1929

Seventy-five years ago today - on October 29th, 1929 - the stock market crashed. On that day - "Black Tuesday" as it came to be known - the Dow Jones Industrial Average fell nearly 12 percent. And that was just the beginning. The Dow would eventually bottom out in July of 1932 at 41 points. That's right - 41. By then investors had lost billions and the country was in the throes of its worst financial crisis ever. Today, Marketplace's Matthew Algeo takes a special look back at Black Tuesday, a day that triggered monumental changes in America's financial markets - and in America itself.
Posted In: Wall Street