In Montréal, forced selling ran rampant, and practically every stock finished the day down. The dread extended to the Toronto markets, the Globe declared, and “rocked” share prices there. Thousands of accounts were wiped out before leading bankers and industrialists intervened to halt the slump. The New York Stock Exchange, the accompanying stories reported, had experienced massive declines in wild trading, with a record 12.8 million shares sold.
“Stock Speculators Shaken in Wild Day of Panic,” shouted the front page of the next day’s Toronto Globe. It began to take shape on 24 October 1929, Black Thursday. The wheat glut of 1928 threw the Winnipeg Grain Exchange into a spiral, triggering a depression in Canada's economy.
0 kommentar(er)
