THE GREAT DEPRESSION 1929 1940
THE WALL STREET CRASH OF 1929
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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12 million
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14 million
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16 million
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None of the above
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Detailed explanation-1: -On October 29, 1929, Wall Street experienced Black Tuesday, when investors traded 16 million shares on the New York Stock Exchange and that too in a single day. Thousands of investors were wiped out as billions of dollars were lost.
Detailed explanation-2: -On Black Tuesday (October 29) more than 16 million shares were traded.
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: -stock market crash of 1929 October 24, is known as Black Thursday; on that day a record 12.9 million shares were traded as investors rushed to salvage their losses.
Detailed explanation-5: -Of the 2, 257 NYSE-listed stocks, there were 195 trading delays and halts during the day. Total trading volume was so large that the computer and communications systems in place at the time were overwhelmed, leaving orders unfilled for an hour or more.