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October 24: Two Great Historical Stock Market Crashes

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On This Day in History

October 24, 2020

Historical Events

1260  Qutuz, Mamluk Sultans of Egypt (1259-60), is assassinated by Baibars, a fellow Mamluk leader, who seizes power for himself

1648  Treaty of Westphalia ends The Thirty Years' War in the Holy Roman Empire; Switzerland's independence recognized

1929  "Black Thursday", start of stock market crash, Dow Jones down 12.8%

1962  Cuban Missile Crisis: Soviet ships approach but stop short of the US blockade of Cuba

2008  "Bloody Friday" saw many of the world's stock exchanges experienced the worst declines in their history, with drops of around 10% in most indices.

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Famous Deaths


Rosa Parks

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October 24: Another Panic, Another Market Crash


Wall Street was gripped by panic on this day. It was not the first time nor the last. Anything from railways to a pandemic can cause a crash, it seems.
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