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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Black Friday
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Black Tuesday
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Black Sunday
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Black Monday
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Detailed explanation-1: -Black Tuesday is a term used to signify October 29, 1929, when the US stock market crashed. The Dow Jones Industrial Average (DJIA) reduced by almost 12% on this day.
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: -On Black Monday, October 28, 1929, the Dow declined nearly 13 percent. On the following day, Black Tuesday, the market dropped nearly 12 percent. By mid-November, the Dow had lost almost half of its value.
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.