The Backstory: 1929 Market Crash: Did Panicked Investors Really Jump from Windows?
Elvis Duran and the Morning Show ON DEMAND
Elvis Duran Podcast Network and iHeartPodcasts
4.7 • 1.2K Ratings
🗓️ 24 October 2025
⏱️ 10 minutes
🧾️ Download transcript
Summary
It’s the 96th anniversary of Black Thursday . . the day the stock market crashed, kicking off the Great Depression. There were stories in the immediate aftermath of dozens of investors jumping from buildings on Wall Street. But what inspired those stories and what really happened?
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Transcript
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| 0:00.0 | Well, Halloween is days away, and there are plenty of stories to scare us to pieces. But aside from |
| 0:07.2 | the regular stuff like paranormal activities and deranged killers, a lot of us are equally spooked |
| 0:13.9 | by what is or isn't inside our bank account. Well, it could be worse. Today is the 96th anniversary of the stock market crash on |
| 0:23.2 | Wall Street. There was talk of mass suicide as Black Thursday began the decade-long Great Depression. |
| 0:30.6 | I'm Patty Steele. What really happened? And what world-famous politician contributed to the mass |
| 0:36.9 | suicide story. |
| 0:38.2 | That's next on the backstory. |
| 0:42.9 | This is an I-Heart podcast. |
| 0:47.8 | Malcolm Gladwell here. |
| 0:49.2 | This season on Revisionous History, we're going back to the spring of 1988 to a town in northwest Alabama, |
| 0:55.0 | where a man committed a crime that would spiral out of control. |
| 0:58.8 | And he said, I've been in prison 24, 25 years. That's probably not long enough. |
| 1:03.6 | And I didn't kill them. |
| 1:05.4 | From revisionist history, this is The Alabama Murders. |
| 1:09.6 | Listen to Revisionous History, The Alabama Murders on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. |
| 1:19.2 | The backstory is back. |
| 1:21.5 | Got to send a big thank you to backstory listener Chuck Bell for suggesting this episode. |
| 1:26.5 | Thank you, Chuck. |
| 1:28.9 | It is late October, 1929. There have been rumblings of financial trouble for the past year or so. Farm prices are |
| 1:35.6 | down steadily. And since so many people make their livings off of farming in those days, |
| 1:41.0 | they have no money to spend. So consumer prices and production is also falling. |
| 1:46.9 | Problem is, all the masters of the universe on Wall Street see this as an opportunity to buy low |
... |
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