Parallels are increasingly being drawn between the Great Depression of the 1930s and the current situation. On Black Thursday, 24 October 1929, the Dow Jones index fell by 12.8%, the largest decline ever until the Black Monday crash of October 1987. By July 1932, the market had lost almost 90% of its value. Umpteen books have been written about the Great Crash, the fall that is generally regarded as having triggered the Depression.
