The 1929 Crash, Hour by Hour

On October 24, 1929, Wall Street broke before lunch. Then one man walked across the trading floor, made one bid, and stopped the panic. The newspapers called him a hero. Nine years later he was on his way to Sing Sing. This is the Crash of 1929, hour by hour: the borrowed money underneath the boom, the bankers' meeting at 23 Wall Street, Black Tuesday, and the question almost everyone gets wrong: did the crash actually cause the Great Depression? Chapters 0:00 11:30 a.m., Thursday 0:57 The boom built on borrowed money 2:49 Wednesday's warning 3:24 10:00 a.m., the opening bell 3:45 The ticker falls behind 4:12 11:30 a.m., panic 4:28 Noon, the bankers' meeting 5:05 1:30 p.m., Whitney at Post No. 2 5:46 The close 6:21 Friday's calm and Black Monday 6:47 Black Tuesday 7:26 Did the crash cause the Depression? 8:54 The hero's fall 9:30 What 1929 teaches Books behind this video The Great Crash 1929, John Kenneth Galbraith 1929, Andrew Ross Sorkin A Monetary History of the United States, Milton Friedman & Anna Schwartz Sources Galbraith, The Great Crash 1929 History.com, Black Tuesday Wikipedia, Wall Street Crash of 1929 and Richard Whitney HistoryNet, Richard Whitney UPI archive, October 24, 1929 #1929 #StockMarketCrash #History