THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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WWI
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gulf war
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stock market crash
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WWI
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Detailed explanation-1: -Known as Black Thursday, the crash was preceded by a period of phenomenal growth and speculative expansion. A glut of supply and dissipating demand helped lead to the economic downturn as producers could no longer readily sell their products.
Detailed explanation-2: -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-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: -The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.