Prices began to fall dramatically as investors tried to sell increasing numbers of shares.
On Thursday 24th October -Black Thursday - nearly 13 million shares were sold.
Prices dived as few buyers could be found.
A group of bankers spent nearly $250,000,000 buying shares in the hope that it would encourage the buying of shares. - it seemed to work and prices stopped falling.
On Monday 28th October, there was renewed panic and over 9 million shares were sold at falling prices.
Finally on 29th October, over 16 million shares were sold by panic-stricken investors.
As a result prices tumbled - shareholders lost a total of $8000 million on that day alone.
Although this was the worst single day on the stock market, share prices continued to fall for he next few weeks until they bottomed out in mid-November. By then the damage was done.
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