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  • Date :
  • 3/3/2011

Fact of  the day: Black Tuesday

black tuesday

On "Black Tuesday," October 29, 1929, the market lost $14 billion, making the loss for that week an astounding $30 billion. This was ten times more than the annual federal budget and far more than the U.S. had spent in WWI. Thirty billion dollars would be equivalent to $377,587,032,770.41 today.

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