THE MARKET TREND AND ANALYSIS FOR NAIROBI SECURITIES EXCHANGE : THE WALL STREET CRASH OF 1929 – THE BLACK TUESDAY
THE MARKET DUE DILIGENCE AND PROJECTION INSIGHT: T HE MARKET ANALYSIS AND TREND FOR NAIROBI SECURITIES EXCHANGE – USING THE HISTORICAL ANALYSIS THE WALL STREET CRASH OF 1929 – THE BLACK TUESDAY The Wall Street Crash of 1929, or the Great Crash, was a catastrophic stock market collapse on the NYSE, primarily occurring from Black Thursday (Oct 24) to Black Tuesday (Oct 29), marked by panic selling, record trading volumes (over 16 million shares on Black Tuesday), and immense wealth destruction, wiping out fortunes and signaling the start of the devastating Great Depression. Fueled by rampant speculation, buying on margin, and weak banking, the crash saw the Dow Jones Industrial Average plummet, leading to widespread poverty and fundamentally changing the American economic landscape. Black Monday and Black Tuesday Selling pressure returned and intensified: 📍 On Black Monday, 28 October, the Dow plunged 38.33 points, a loss of 12.8%, then the worst one-day fall on record....