The world betwenn two World Wars.

 The Great Depression (1929):-

The great depression was a severe worldwide economic depression that took mostly during the 1930s, beginning in the United States.  The timing of the Great Depression varied across the world; in most countries, it started in 1929 and lasted until the late 1930s.  It was the longest, deepest, and most widespread depression of the 20th century.  The Great Depression is commonly used as an example of how intensely the global economy can decline.

The great depression

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The Wall Street Crash of 1929:-

The Wall Street Crash of 1929, also known as the Great crash, was a major American stock market crash that occurred in the fall of 1929.  It started in September and ended late in October when share prices on the New York Stock Exchange collapsed.

It was the most devasting stock market crash in the history of the united states when taking into consideration the full extent and duration of its aftereffects.  The Great Crash is associated with October 25, 1929, called Black Friday, the day after the largest sell-off of shares in U.S history. The crash, which followed the London Stock Exchange's crash of September, signaled the beginning of the Great Depression. 

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The Great Economic Depression

The Aftermath.

In 1932, the Pecora Commission was established by the U.S Senate to study the causes of the crash.  The following year, the U.S Congress passed the Glass-Steagall Act mandating a separation between commercial banks, which take deposits and extent Loans, and investment banks, which underwrite, issue, and distribute stocks, bonds, and other securities.

After the experience of the 1929 crash, stock markets around the world instituted measures to suspend trading in the event of rapid declines, claiming that the measures would prevent such panic sales.  However, the one-day crash of Black Monday, October 19, 1987, when the Dow Jones Industrial Average fell 22.6%, as well as Black Monday of March 16, 2020 (-12.9%), were worse in percentage terms than any single day of the 1929 crash (although the combined 25% decline of October 28-29, 1929 was larger than that of October 19,1987, and remains the worst two decline as of March 2020)

                                                       

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