THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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assassination of Archduke Franz Ferdinand
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establishment of the League of Nations
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end of WWI
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US stock market crash
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Detailed explanation-1: -The event caused a crash on the London Stock Exchange that also changed the optimistic sentiment of American investors. The US stock market became volatile and experienced the Black Monday event on October 28, 1929. On October 28, the Dow Jones Industrial Average (DJIA) lost 13% of its value.
Detailed explanation-2: -The Great Crash is mostly associated with October 24, 1929, called Black Thursday, the day of the largest sell-off of shares in U.S. history, and October 29, 1929, called Black Tuesday, when investors traded some 16 million shares on the New York Stock Exchange in a single day.
Detailed explanation-3: -October 1929. 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.
Detailed explanation-4: -On Monday, however, the storm broke anew, and the market went into free fall. Black Monday was followed by Black Tuesday-October 29, 1929-during which stock prices collapsed completely and 16, 410, 030 shares were traded on the New York Stock Exchange in a single day.
Detailed explanation-5: -Business houses closed their doors, factories shut down and banks failed. Farm income fell some 50 percent. By 1932 approximately one out of every four Americans was unemployed.