Ian’s Legal Fact of the Week 10/26/15: The Great Crash

The Great Crash refers to the Wall Street crash that began October 24, 1929, and ultimately ushered in the 10-year long Great Depression. In just two days more than $30 billion in stock market value (worth approximately $400 billion today) was erased. These events prompted Congress to pass the Securities Act of 1933 and the Securities Exchange Act of 1934.


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