From Ohio History Central
no edit summary
| image = [[File:Stock Certificate.jpg]]
| caption = Stock certificate for 30 shares in Market Exchange and Holding Corporation, issued May 18, 1929. The shares were held by Mrs. Marjorie Phillippi.
<p>During the late 1920s, the stock market in the United States boomed. Millions of Americans began to purchase stock, causing the market to dramatically increase in value. Unfortunately for the economy, so many Americans invested money in the stock market that stocks became inflated in price. In essence, stocks were selling for more money than they were worth. In 1924, the <em>New York Times</em> index of the leading twenty-five industrial stocks topped the one hundred point mark. By the beginning of 1928, these same stocks had topped 245 points, more than doubling the stocks' price. The market continued to soar during 1928 and much of 1929, with these twenty-five leading industrial stocks reaching the 452 point mark in early September 1929, almost doubling the stocks' selling price in less than two years. </p>
[[Category:History Events]][[Category:Great Depression and World War II]][[Category:Business and Industry]][[Category:Government and Politics]]