It began on Thursday, October 24, 1929. 12,894,650 shares changed hands on the New York Stock Exchange – a record. To put this number in perspective, let's go back a little to March 12, 1928, when a record for commercial activity was set. On that day, a total of 3,875,910 shares were traded. As you can see, Wall Street was a very, very busy place, as were markets around the world. One big problem that hasn't been mentioned so far in all of this was communication. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay The teleprinter has undergone many refinements since its first applications in the 1870s-80s by Edison and others. Even at telegraph speed, volume had an effect on time. The issues were an hour to an hour and a half late on tape. The phones were just busy signals on hang ups. This caused crowds to gather outside the NYSE to try to access the communications. The police had to be called in to control the strangest masses of riots; corporate investors. It's not yet noon. The habit of eating lunch eased the panic somewhat, and New York stopped to catch its breath. There were rumors of bargains coming in the afternoon, so maybe something could be picked up. And he came back to recoup much of the losses. For example, a stock like Montgomery-Ward opened at 83, fell to 50 and rose again to 74. This was typical of large companies. On Friday, the mix of margin calls combined with expected sales of the final tickers on Thursday led to a slight gain. The trading involved approximately 6 million shares. There was a short session on Saturday, which brought everything back to Thursday's level. The weekend was indeed a welcome relief. That gave investors a chance to sort out their portfolios and plan for what could be a tough week. Others, however, had smartly planned for the crash, saved their money, and were ready to score some real bargains. They were prepared for even worse ruin. On Monday, October 28, 1929, the volume was enormous: more than 9,250,000 shares traded. The losses were also great. But unlike Thursday, there was no spectacular recovery; it was the prelude to Black Tuesday – the most infamous day in Wall Street history. There is a judgment that happens from time to time in world history. It is a time when debts are paid, when wars are fought, when diseases ravage and pass through a land, when corn no longer grows as before, or when the forces of nature itself deal a brief catastrophic blow . Keep in mind. : This is just a sample.Get a personalized article now from our expert writers.Get a personalized essay On Black Tuesday, the balance sheet of several years of boom, based largely on credit, came due . There were to be 16,410,030 shares traded that day. People were dumping their stocks and causing even more downward pressure on the market. There were dejected stockbrokers, in tears, desperately trying to contact clients for a margin. This time, the panic selling ensured once and for all that there would be no silver bullet, that the recovery would be slow and painful. The recovery in gains seen on Thursday is far from close. The Dow closed at $230, down 23% from the $299 open. The market had collapsed.