USA HISTORY

THE GREAT DEPRESSION 1929 1940

THE GREAT DEPRESSION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Define Black Tuesday
A
Group of government programs created to try and end the Great Depression.
B
October 29, 1929 when the stock market crashed. It was the official start of the Great Depression
C
Minimal improvement in economy. FDR urged congress to pass additional programs.
D
None of the above
Explanation: 

Detailed explanation-1: -The Wall Street Crash of 1929, also known as the Great Crash, the Crash of 29, or Black Tuesday, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended in mid November, when share prices on the New York Stock Exchange collapsed.

Detailed explanation-2: -Black Tuesday marked the beginning of the Great Depression, which lasted until the beginning of World War II. Causes of Black Tuesday included too much debt used to buy stocks, global protectionist policies, and slowing economic growth.

Detailed explanation-3: -On October 29, 1929, the United States stock market crashed in an event known as Black Tuesday. This began a chain of events that led to the Great Depression, a 10-year economic slump that affected all industrialized countries in the world.

Detailed explanation-4: -Black Tuesday is the stock market crash that occurred on October 29, 1929. It is considered the most disastrous market crash in the history of the United States.

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.

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