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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Yellow Wednesday
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Brown Monday
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Red Thursday
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Black Tuesday
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Detailed explanation-1: -On October 29, 1929, the United States stock market crashed in an event known as Black Tuesday.
Detailed explanation-2: -On October 29, 1929, “Black Tuesday” hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. The panic selling reached its peak with some stocks having no buyers at any price.
Detailed explanation-3: -Black Tuesday refers to a precipitous drop in the value of the Dow Jones Industrial Average (DJIA) on Oct 29, 1929. Black Tuesday marked the beginning of the Great Depression, which lasted until the beginning of World War II.
Detailed explanation-4: -On Black Monday, October 28, 1929, the Dow Jones Industrial Average declined nearly 13 percent. Federal Reserve leaders differed on how to respond to the event and support the financial system. The Roaring Twenties roared loudest and longest on the New York Stock Exchange. Share prices rose to unprecedented heights.