The “suicide wave” that followed the United States stock market crash of October 1929 is more legend than fact.
Conclusion
The "suicide wave" that supposedly followed the 1929 stock market crash is more legend than fact.
Evidence
October and November 1929 had comparatively low monthly suicide totals — only three other months were lower. The summer months, when the market was flourishing, had substantially higher monthly counts.
Evaluate
The argument compares October–November 1929 only to other months within 1929. But suicide rates have a seasonal pattern, and what matters for testing a "crash effect" is whether October–November 1929 were unusual compared to October–November in other years. Within-year comparisons can be misleading if some months are normally higher than others.
Goal
The correct answer should compare October–November 1929 to October–November in other years, showing they were unusually high relative to that historical baseline.