Wall Street Crash of 1929
E12290
The Wall Street Crash of 1929 was a catastrophic stock market collapse that triggered the Great Depression and led to major reforms of the U.S. financial system.
Aliases (6)
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
financial crisis
→
historical event → stock market crash → |
| affectedArea |
United States economy
→
global economy → |
| alsoKnownAs |
1929 Stock Market Crash
→
Great Crash of 1929 → |
| causeOf |
Great Depression
→
|
| country |
United States
→
|
| describedBy |
John Kenneth Galbraith
→
|
| describedBySource |
The Great Crash, 1929
→
|
| endDate |
1929-10-29
→
|
| followedBy |
Great Depression
→
|
| hasCause |
economic slowdown in late 1920s
→
excessive use of margin debt → overvaluation of equities → speculative bubble in U.S. stocks → tightening of monetary policy by the Federal Reserve → |
| hasEffect |
bank failures in the United States
→
collapse of stock prices → contraction of credit → decline in industrial production → decline in international trade → deflation in the United States → loss of investor confidence → mass unemployment in the United States → |
| hasPart |
Black Monday (1929)
→
Black Thursday → Black Tuesday (1929) → |
| influenced |
Glass–Steagall Act
→
New Deal financial reforms → Securities Act of 1933 → Securities Exchange Act of 1934 → creation of the Federal Deposit Insurance Corporation → creation of the U.S. Securities and Exchange Commission → |
| location |
New York City
→
New York Stock Exchange → Wall Street → |
| mainSubject |
finance
→
stock market → |
| notableFor |
being one of the worst stock market crashes in U.S. history
→
marking the end of the Roaring Twenties → |
| partOf |
interwar period
→
|
| precededBy |
Roaring Twenties
→
|
| significantEventDate |
1929-10-24
→
1929-10-28 → 1929-10-29 → |
| startDate |
1929-10-24
→
|
| timePeriod |
1920s
→
|
| triggered |
Great Depression
→
|
Referenced by (11)
| Subject (surface form when different) | Predicate |
|---|---|
|
Wall Street Crash of 1929
("Black Thursday")
→
Wall Street Crash of 1929 ("Black Monday (1929)") → Wall Street Crash of 1929 ("Black Tuesday (1929)") → |
hasPart |
|
Wall Street Crash of 1929
("Great Crash of 1929")
→
Wall Street Crash of 1929 ("1929 Stock Market Crash") → |
alsoKnownAs |
|
Herbert Hoover administration
→
Interwar period → |
significantEvent |
|
Securities and Exchange Commission
→
|
createdAfterEvent |
|
Wall Street Crash of 1929
("The Great Crash, 1929")
→
|
describedBySource |
|
Roaring Twenties
→
|
endCause |
|
John Kenneth Galbraith
("The Great Crash, 1929")
→
|
notableWork |