USA HISTORY

Detailed explanation-1: -On October 29, 1929, the United States stock market crashed in an event known as Black Tuesday. This began a chain of events that led to the Great Depression, a 10-year economic slump that affected all industrialized countries in the world.

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 refers to Thursday, Oct. 24, 1929, when the Dow Jones Industrial Average (DJIA) plummeted drastically as soon as trading opened and an unprecedented number of shares changed hands. Black Thursday is considered the first day of the Stock Market Crash of 1929, which lasted until Oct.

Detailed explanation-4: -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.