Skip to main content

Black Thursday

Will the current bull market die spectacularly, à la 1929, or—as in 1974—strangle in weird silence?

J.P. Morgan did not have much use for either the stock market or reporters. So when one reporter importunately asked him what the market was going to do one day, he replied, with about equal parts contempt and truth, “It will fluctuate.”

We hope you enjoy our work.

Please support this magazine of trusted historical writing, now in its 75th year, and the volunteers that sustain it with a donation to American Heritage.

Donate