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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Stock prices fell and the stock market crashed.
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Bank runs forced many banks to close their doors.
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Federal troops attacked the Bonus Army marchers.
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The Supreme Court ruled that the NRA was unconstitutional.
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Detailed explanation-1: -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-2: -Black Tuesday was Oct. 29, 1929, and it was marked by a sharp fall in the stock market, with the Dow Jones Industrial Average (DJIA) especially hard hit in high trading volume. The DJIA fell 12%, one of the largest one-day drops in stock market history.
Detailed explanation-3: -Black Thursday is the name given to an infamous day in stock market history: Thursday, Oct. 24, 1929, when the market opened 11% lower than the previous day’s close, and panicked selling ensued throughout a day of heavy trading.
Detailed explanation-4: -The market crash ended the period of economic growth and prosperity and led to the Great Depression. Black Tuesday triggered a chain of catastrophic macroeconomic events in the US and Europe, which included mass bankruptcies and unemployment, and dramatic declines in production and money supply.