THE GREAT DEPRESSION 1929 1940
PRESIDENT HERBERT HOOVER AND THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Germany stopping reparation payments
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Interest rates lowering
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Unemployment reaching nearly 25%
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Investors selling more than 16 million shares of stock
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Detailed explanation-1: -On October 29, 1929, Wall Street experienced Black Tuesday, when investors traded 16 million shares on the New York Stock Exchange and that too in a single day. Thousands of investors were wiped out as billions of dollars were lost.
Detailed explanation-2: -The DJIA fell 12%, one of the largest one-day drops in stock market history. More than 16 million shares were traded in the panic sell-off, which effectively ended the Roaring Twenties and led the global economy into the Great Depression.
Detailed explanation-3: -On Black Tuesday (October 29) more than 16 million shares were traded.
Detailed explanation-4: -stock market crash of 1929 October 24, is known as Black Thursday; on that day a record 12.9 million shares were traded as investors rushed to salvage their losses.
Detailed explanation-5: -The situation worsened yet again on the infamous Black Tuesday, October 29, 1929, when more than 16 million stocks were traded. The stock market ultimately lost $14 billion that day.