The stock market crash of 1929 lit the fire that spawned the Great Depression. The 1920’s had brought an era of enthusiasm and optimism as inventions of the airplane and radio had inspired everyone’s dreams. It created a sense of trust in the future. So, many people felt that they could make their fortune on the stock market during the 1920’s. Unfortunately, these same people forgot that the stock market was so volatile. The twenty forth, twenty eighth, and twenty ninth of October were the days that lead to the downfall of the stock market. The United States was unprepared. The Economic devastation caused by the Stock Market Crash of 1929 was the key factor in beginning of the Great Depression. The first day to hit was 24 October 1929. That day was known as Black Thursday. The prices of stocks had already fallen around twenty percent before black Thursday. Early that morning the prices of stocks began to go down even more. The Dow sharply declined an eleven percent. People were going crazy and losing control of themselves. Rumors began to spread of people committing suicide. People across the country were watching the ticker spit out upsetting numbers. Share holders were making phone calls and selling many, many shares. A record of 12.9 billion shares was sold which is double of the previous record. Relief came to the people as the scare died down later that afternoon because of a group of bankers. That group of bankers made a huge sacrifice to help the panic calm down. They put together a lot of their money to put back into the stock market, which convinced others to stop selling all of their shares. That sacrifice was huge but it would only last a very short time. The market slowed with a seven point loss. There were still many speculators after Black Thursday because of the low numbers the ticker was throwing out. The speculators decided to get out. Media coverage had cause a great deal of the skepticism. They were afraid of losing everything they had so they began to sell all of their shares. However this time there was no one to come to the rescue. On this day it all started to really go downhill. This wasn’t going to be an easy fix. It would take a little while. The day would end with over a thirty eight percent change from opening to