History of the United States II / Unit 10 USH2 1353 short lesson, about 20 seconds
Black Thursday
Captions available
The idea
On October twenty-fourth, nineteen twenty-nine, Black Thursday, the New York Stock Exchange lost eleven percent of its value.
In practice
Leading banks, including Chase National, National City and J. P. Morgan, buying large blocks of stock to stop the panic.
Where people slip
The bankers' purchases steadied the market for a few days. The worst came the following week.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
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