The Great Crash of 1929 and the Great Depression in the Global Context

The 1920s often called the “Golden 20s” because the equity markets were booming but there were a series of structural issues. Only a few years after the 1st World War the global economy was still suffering from the consequences of the brutal war. The market crash of 1929 came unexpected and shocked the world. It is considered a unique, five sigma event, occurring only once in a lifetime. This paper covers the period before, during and after the Great Crash on Wall Street