Yes they did, and out of many windows, all over America.
Because they suddenly went from being fabulously wealthy, to totally broke and homeless !
But this is mainly due to their greed.
You see they were not satisfied to make just a small fortune on the stock exchange.
They had deluded themselves into believing that making a profit on the stock exchange was child's play and guaranteed.
Many people borrowed loads more money to add to their capital to make even more profit.
So when the stock prices crashed by 32% over the weekend, those who were using mostly borrowed money lost everthing.
That is...... everything they owned !
A stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic as much as by underlying economic factors. They often follow speculative stock market bubbles.
Yes, a lot of people lost everything and many committed suicide. That is the reason banks were supported by the governments this time. Failure to do that would have resulted in catastrophe for many!
I didn't know about from the roof. but some people jumped from windows
I read something about the suicide rate falling during the depression - sometimes lower expectations = more happiness.
Yes they most certainly did Ollie.
During the 1929 Stock Market Crash did people really through them selves from the roof of the New York Stock Exchange?
