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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panic; 25 million
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rejoice; 50 million
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rejoice; 13 million
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panic; 13 million
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Detailed explanation-1: -stock market crash of 1929, also called the Great Crash, a sharp decline in U.S. stock market values in 1929 that contributed to the Great Depression of the 1930s. The Great Depression lasted approximately 10 years and affected both industrialized and nonindustrialized countries in many parts of the world.
Detailed explanation-2: -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. By mid-November, the Dow had lost almost half of its value.
Detailed explanation-3: -Panic selling is the sudden, widespread selling of one or many stocks based on fear rather than reasoned analysis. Panics are often triggered by news events that shake investor confidence in a single stock or industry. Most major stock exchanges use trading curbs and halts to limit panic selling.
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.