Wall Street Crash of 1929 Wall Street Crash of 1929 The Wall Street Crash of 1929, also known as the Stock Market Crash of 1929 or the Great Crash, is the stock market crash that occurred in late October, 1929. It started on October 24 ("Black Thursday") and continued until October 29, 1929 ("Black Tuesday"), when share prices on the New York Stock Exchange collapsed. It was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its after effects. The crash, which followed the London Stock Exchange's crash of September, signalled
Let Wall Street Pay for the Restoration of Main Street Bill almost five times the annual operating costs of the SEC. U.S. Representative Peter Anthony DeFazio proposed a new financial transaction tax for within the United States in 2009. He first raised the idea earlier in 2009, and then officially introduced it as a bill on December 3, 2009. The day he introduced the bill, DeFazio said, "The American taxpayers bailed out Wall Street during a crisis brought on by reckless speculation in the financial markets. . ... This legislation will force Wall Street to do their part and put people displaced by that crisis back to work." The "bailout" he