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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1937
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1929
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who?
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1925
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Detailed explanation-1: -The main cause of the Wall Street crash of 1929 was the long period of speculation that preceded it, during which millions of people invested their savings or borrowed money to buy stocks, pushing prices to unsustainable levels.
Detailed explanation-2: -A crowd of investors gather outside the New York Stock Exchange on “Black Tuesday"-October 29, when the stock market plummeted and the U.S. plunged into the Great Depression. On October 29, 1929, the United States stock market crashed in an event known as Black Tuesday.
Detailed explanation-3: -The epic boom ended in a cataclysmic bust. On Black Monday, October 28, 1929, the Dow declined nearly 13 percent. On the following day, Black Tuesday, the market dropped nearly 12 percent.
Detailed explanation-4: -Just four years and five months after its mid-1932 low, according to data provided to Sunday Business by Ibbotson Associates Inc., a division of Morningstar Inc. That seems remarkably fast, given that the stock market lost more than 80% of its value from its 1929 high to its mid-1932 low.