The Crash

Eighty years ago this week Wall Street laid an egg. That, at least, was the famous headline in Variety. It began on a Thursday, Black Thursday, October 24th. Thursday was followed by Black Friday. Then Black Monday, when losses set in in earnest. By the time Black Tuesday closed stocks traded on the New York Exchange had lost 17% of their value. And the slide would continue, jigging up and then dropping like a stone into 1931. The lives of millions of Americans changed dramatically. Some knew...