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Stock Market Crash:1930's
A stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic as much as by underlying economic factors. They often follow speculative stock market bubbles.
"The stock market is a never ending downward spiral."
It was the largest and most profound economic depression of the 20th century.
The Great Depression originated in the United States and quickly spread to the world.
"It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something. " - FDR