Lessons of the great crash still relevant

The stock market wasn’t a pleasant place to be around this time 90 years ago.

The trouble had begun on October 24, the first day of a share price rout that saw Wall Street suffer its worst decline in history. The Dow Jones Industrial Average dropped 90%, pushing an already fragile market over a cliff that would eventually cost €500bn in today’s money, and result in an estimated 1.5m job losses.