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Overview
- 29th October 1929
- 16 million shares were traded in one day
- Share prices fell by $4 billion in one day
- November share prices fell by $30 billion
Unemployment
- Increased from 500,000 to 4 million
Real Wages
- Real wages fell by 16% in 1929
US Steel
- The largest global steel industry only worked at 16% capacity
Share Prices
- 1929 had fallen from $87 billion to 1933 $18 billion
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