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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Purple Thursday
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No Money Monday
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Red Friday
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Black Tuesday
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Detailed explanation-1: -Black Tuesday is the stock market crash that occurred on October 29, 1929.
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.
Detailed explanation-5: -The Wall Street Crash of 1929 occurred in late October of that year. Shares of stock dropped sharply in value and billions of dollars were lost. The crash was most devastating on two days: October 24th, which became known as Black Thursday, and October 29th, called Black Tuesday.