WORLD HISTORY

Detailed explanation-1: -The Wall Street Crash of 1929 is often cited as the beginning of the Great Depression. It began on October 24, 1929, and kept going down until March 1933.

Detailed explanation-2: -A crowd of investors gather outside the New York Stock Exchange on “Black Tuesday"-October 29, when the stock market plummeted and the U.S. plunged into the Great Depression. On October 29, 1929, the United States stock market crashed in an event known as Black Tuesday.

Detailed explanation-3: -Black Thursday, Oct. 24, 1929, is seen as the beginning of the crash. Some 12 million shares changed hands, and the Dow fell sharply in the opening hours of trading, though it recovered somewhat to close six points down from the previous day-about a 2% decline in value. Black Tuesday occurred five days later, on Oct.

Detailed explanation-4: -The Great Depression is attributed to the combination of the following factors: Tight monetary policies adopted by the Central Bank of America. Stock market crash of 1929. The failure of banks, which was the impact of the stock market crash as more people withdrew their savings from the banks leading to closure.

Detailed explanation-5: -Before serving as America’s 31st President from 1929 to 1933, Herbert Hoover had achieved international success as a mining engineer and worldwide gratitude as “The Great Humanitarian” who fed war-torn Europe during and after World War I.