Great Crash

Great Crash

1. Three trading days where the New York Stock Exchange lost a significant amount of value very quickly. The Great Crash presaged the Great Depression, though it had already started in some areas. See also: Black Thursday, Black Monday, Black Tuesday.

2. An alternative (and slightly inaccurate) term for the Great Depression.

Great Crash

The major declines in economic activity and stock prices that occurred in 1929 and the early 1930s.
References in classic literature ?
Her middle structure, covered by the bridge which bore him, his mate, the closed wheelhouse where a man was steering shut up with the fear of being swept overboard together with the whole thing in one great crash -- her middle structure was like a half-tide rock awash upon a coast.
Then into the expectant hush came a great crash and uproar, the breaking down of the Brooklyn Bridge, the rifle fire from the Navy Yard, and the bursting of bombs in Wall Street and the City Hall.
But the chief feature of this part of the show was a huge allegorical device, borne among the ship-carpenters, on one side whereof the steamboat Alcohol was represented bursting her boiler and exploding with a great crash, while upon the other, the good ship Temperance sailed away with a fair wind, to the heart's content of the captain, crew, and passengers.
Grimwig, who had been affecting to dip into a large book that lay on the table, upset it with a great crash, and falling back in his chair, discharged from his features every expression but one of unmitigated wonder, and indulged in a prolonged and vacant stare; then, as if ashamed of having betrayed so much emotion, he jerked himself, as it were, by a convulsion into his former attitude, and looking out straight before him emitted a long deep whistle, which seemed, at last, not to be discharged on empty air, but to die away in the innermost recesses of his stomach.
O, my good man, there was first a great crash, and then a great stillness, and that stillness seems to be fixed and unchangeable, never to be broken any more as long as my life lasts.
Not everything will be as catastrophic as the Great Crash of 1929, but those who believe they will ride the wave of prosperity to lavishly finance their retirement without the basic discipline of savings might be in for a rude awakening.
WHILE the eyes of the world were on Greece, the Chinese stock market has been in meltdown, which is being compared to the Great Crash of 1929.
The institutions and ideology of a plantation society and a slave system went down with a great crash in 1865 and were replaced by the institutions and ideology of free-labor entrepreneurial capitalism," he reveals.
SIR - Torfaen MP Nick Thomas-Symonds' gushing tribute to his predecessor Paul Murphy, whom he called a "model MP", seems to have missed out Paul Murphy's total support for the illegal invasion of Iraq, which saw the deaths of over a million men, women and children; and also his adherence to the Blair government's economic policy of embracing capitalist neo-liberalism, which inevitably led to the great crash of 2007-08
Failings in the banking system were a major factor in the great crash of 2008.
And while the bonus culture continues in the City, most of the jobs that have been created since the great crash are in low-paid service industries where people have not felt any sign of recovery.
Other stories include Michael Taylor's Forty by Forty, about Cheshire bad boy businessman Roger Cashmore and the great crash of 2008.

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