The Fed stopped buying bonds to help the economy recover from its worst disaster since the Great Depression. So we’re taking this opportunity to remember what happened 85 years ago today.
October 29, 1929, or Black Tuesday, was the most devastating crash in the United States stock market history.
Interesting tidbit?
The number of shares trading hands on the New York Stock Exchange that day set a record not broken for 40 years. And they were trading by hand!
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