Causes of the Crash: Overconfidence and Speculation

On October 28, 1929, a day known as Black Monday, the New York Stock Exchange suffered its greatest one-day loss in history. 

The next day, known as Black Tuesday, the market dropped even further, registering the second biggest one-day loss in history. 

This was the start of an extended bear market that saw the Dow Jones Industrial Average drop 89% in just under three years and ushered in the period we know as the Great Depression. 

Learn more about the 1929 Stock Market crash, its causes, and its ramifications on this episode of Everything Everywhere Daily.

Sponsors

• Quince
• Go to quince.com/daily for 365-day returns, plus free shipping on your order!
• Mint Mobile
• Get your 3-month Unlimited wireless plan for just 15 bucks a month at mintmobile.com/eed
• Stash
• Go to get.stash.com/EVERYTHING to see how you can
  receive $25 towards your first stock purchase.
• Newspaper.com
• Go to Newspapers.com to get a gift subscription for the family historian in your life!

Subscribe to the podcast! 

https://everything-everywhere.com/everything-everywhere-daily-podcast/

--------------------------------

Executive Producer: Charles Daniel

Associate Producers: Austin Oetken & Cameron Kieffer

Become a supporter on Patreon: https://www.patreon.com/everythingeverywhere

Discord Server: https://discord.gg/UkRUJFh

Instagram: https://www.instagram.com/everythingeverywhere/

Facebook Group: https://www.facebook.com/groups/everythingeverywheredaily

Twitter: https://twitter.com/everywheretrip

Website: https://everything-everywhere.com/ 

Disce aliquid novi cotidie

Learn more about your ad choices. Visit megaphone.fm/adchoices