WORLD 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: -October 24th, 1929, is referred to as Black Thursday because it was the day when the stock market began to crash.

Detailed explanation-3: -On October 24, 1929, as nervous investors began selling overpriced shares en masse, the stock market crash that some had feared happened at last. A record 12.9 million shares were traded that day, known as “Black Thursday.”

Detailed explanation-4: -The Black Tuesday event was preceded by the crash of the London Stock Exchange and Black Monday, and was characterized by panic sell-offs on the New York Stock Exchange and dramatic declines in major market indices.

Detailed explanation-5: -In 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.