Asked by: Giada Vonderschmitt
asked in category: General Last Updated: 4th March, 2020

What happened on Black Tuesday October 1929?

Black Tuesday refers to October 29, 1929, when panicked sellers traded nearly 16 million shares on the New York Stock Exchange (four times the normal volume at the time), and the Dow Jones Industrial Average fell -12%. Black Tuesday is often cited as the beginning of the Great Depression.

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Keeping this in consideration, how does Black Tuesday affect us today?

This affects us today because there have been multiple crashes since Black Tuesday which impact the world economy and just the world around us because prices for everything will go up and things will get more expensive and the unemployment rate will go up so it will be harder to make a living.

when did Black Tuesday occur? October 24, 1929

Also to know is, why was the stock market crash called Black Tuesday?

Black Tuesday refers to a precipitous drop in the value of the Dow Jones Industrial Average (DJIA) on Oct 29, 1929. The date marked the beginning of the Great Depression, which lasted until the beginning of World War II.

Why does Black Tuesday mark the beginning of the Great Depression?

The Great Depression The houses will be very rustic and dirty due to the lack of water during this time. Black Tuesday Occurred in October, 1929 and it is when the stock market crashed, which marked the beginning of the great depression because with the stock markets crashed many people would become desperately poor.

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