How much money was lost in the stock market crash of 1929?

(See pictures of the stock market crash of 1929. Unsurprisingly, this exuberance lured more investors to the market, investing on margin with borrowed money. By 1929, 2 out of every 5 dollars a bank loaned were used to purchase stocks. read more

The stock market ultimately lost $14 billion that day. The stock market crash crippled the American economy because not only had individual investors put their money into stocks, so did businesses. When the stock market crashed, businesses lost their money. read more

In the years leading up to the stock market crash of 1929, the stock market had gained much popularity as a way of making money. Because stocks prices had been on the rise, they gained the reputation of being a safe way to invest. read more