“Anyone who bought stocks in mid-1929 and held on to them saw most of his adult life pass by before getting back to even.” —Richard M. Salsman
The Great Crash of 1929, the worst stock-market crisis in U.S. history, saw an unprecedented level of upheaval and panic selling and, finally, the collapse of NYSE share prices. It took the market about 25 years to return to its pre-Great Crash levels.