Wall Street: 40 Years After the Crash

Archive Report

Problems of Stock Market in 1969

Extent and Causes of Decline of Stock Prices

Forty years have elapsed since Black Thursday, Oct. 24, 1929, the day the great stock market crash began. The memory of 1929 haunts millions of stock traders in the present year of declining market prices and other Wall Street problems. Although the confidence of investors recovered long ago from the disastrous events of 1929, the notion lingers that another such crash may not be altogether impossible. For Wall Street, so surfeited in prosperity for so long, the past year has had a chastening effect.

The year began with speculation by financial writers as to how soon the Dow-Jones industrial average, perhaps the best-known barometer of prices on the New York Stock Exchange, would ...

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