1929

Director William Karel examines the biggest stock market crash in history, which occurred on the New York Stock Exchange 80 years ago – Black Thursday, October 24, 1929 – and asks, will this happen again?

“The crisis of 1929 was like the perfect storm, in which all these improbable things came together in the wrong time in the wrong way.”

Director William Karel examines the biggest stock market crash in history, which occurred on the New York Stock Exchange 80 years ago — Black Thursday, October 24, 1929.  A wide range of economists and historians discuss the causes of the crash and its economic and political consequences.  Part One, ‘The Crisis’, analyzes the year in which the crash took place. The economy seems more prosperous than ever. All is well, until that fateful day. Part Two, ‘The Depression’, looks at the 1930s, focusing particularly on President Franklin D. Roosevelt’s role. 1929 concludes by connecting these past events to the current financial crisis.

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