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It is 75 years since the Wall Street Crash triggered a world economic crisis. The stock exchange crash also had lasting effects on Switzerland, even if these were less visible than in the United States and elsewhere, according to Swiss historian Bernard Degen.
It all began on “Black Thursday”. On the morning of October 24, 1929, a sharp fall in prices sent shares tumbling to record lows.
Shares continued to slump on the following days, which entered the history books as “Black Friday”, “Black Monday”, and “Black Tuesday”. It was the largest stock market collapse the world had experienced.
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