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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October 28, 1929
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October 29, 1928
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October 29, 1929
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October 29, 1939
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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: -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-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: -Overview. The 1929 stock market crash is conventionally said to have occurred on Thursday the 24th and Tuesday the 29th of October. These two dates have been dubbed “Black Thursday” and “Black Tuesday, ” respectively. On September 3, 1929, the Dow Jones Industrial Average reached a record high of 381.2.