WORLD HISTORY

Detailed explanation-1: -The Wall Street Crash of 1929, also known as the Great Crash, the Crash of 29, or Black Tuesday, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended in mid-November, when share prices on the New York Stock Exchange (NYSE) collapsed.

Detailed explanation-2: -Black Tuesday marked the beginning of the Great Depression, which lasted until the beginning of World War II. Causes of Black Tuesday included too much debt used to buy stocks, global protectionist policies, and slowing economic growth.

Detailed explanation-3: -Black Tuesday is a term used to signify October 29, 1929, when the US stock market crashed. The Dow Jones Industrial Average (DJIA) reduced by almost 12% on this day.

Detailed explanation-4: -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-5: -The first Black Monday was on Oct. 28, 1929, just after the beginning of the crash that ultimately resulted in the Great Depression. On that day, stocks fell by 12.8%. The crash was attributed to low wages, increasing debt, and an excess of large bank loans that could not be liquidated.