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When the stock markets crashed in 1929 why did they call it Black Thursday?
Wiki User
∙ 14y ago
October 24, 1929 is called Black Thursday, and October 29, 1929 is referred to as Black Tuesday. When talking about financial markets the term "black" typically means a disastrous day in the world of finance. On Black Thursday the trouble started, and on Black Tuesday the value of stocks dropped by about 13% on that one day. Black Tuesday is the day most historians use as the beginning of the Great Depression.
Throughout history there have also been days referred to as "Black Monday" or "Black Friday" where the financial markets have also performed poorly.
In times past, people wore black clothes when a family member died and draped black cloth on their house door, and everyone wore black to a funeral. So when they said Black Thursday or Black Tuesday, they meant they felt like they were at a funeral for the Stock Market.
There is also a good 'black' day. At Christmas shopping time, there is a day when the stores finally get out of the 'red' (losses were written in red ink in old account books) and get into the 'black' (profits were written in black ink).
Wiki User
∙ 14y ago
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What triggered the Great Depressions?
The crash of the stock marketin 1929 and buying on the margin triggered the Great Depression.
The day the stock market crashed is known as?
Black Tuesday in 1929
What was the nickname when the stock market crashed?
Black Tuesday (October 29, 1929).
What was the name given to the day the stock market crashed in 1929?
black tuesday
Black Tuesday refers to which event?
the day the new york stock market crashed in 1929the day the new york stock market crashed in 1929a day for blacks to get recognition
What was the nicknames for the days of the stock market crashed?
black thursday
What is the name for the day the stock market crashed?
Black Tuesday or Black Thursday
What vent happened on October 29 1929 called black Tuesday?
The stock markets crashed.
When stock markets crashed stocks?
in 2008 i think
What happened on October 24th1929?
October 24, 1929m Thursday was called Black Thursday because it was on this day that the New York Stock Exchange crashed end the "Roaring Twenties"
Black Thursday refers to this events?
The term of Black Thursday refers to the date of October 24, 1929 when the New York Stock Market crashed. This was the event that sparked the US's Great Depression that was soon to follow.
What happened on black Thursday?
Black Thursday is a term used to describe what happened on Wall Street on October 24, 1929. On that day the stock market took a huge plunge from panicked traders selling record numbers of shares. This action eventually caused it to crash.
What was the nickname for the day when the Stock Market crashed?
It was also known as: The Crash of '29, Black Thursday, Black Monday, and Black Tuesday; (Since the crash didn't happen all in one day, it started on Thursday October 24, 1929 and hit rock bottom on Monday and Tuesday.).
What was considered the official beginning of the great depression?
when the stock markets crashed in 1929 lol
Why did the stock markets crash?
It crashed because too many Stock Brokers wanted to sell their stocks at one time. So when too many people did that, the banks didn't have enough money and it crashed. -Jennifer
When did the stock matket crash take its steepest dive and what was it call?
The stock markets crashed deep 2009. This stock market crash was called the great recession.
What triggered the Great Depressions?
The crash of the stock marketin 1929 and buying on the margin triggered the Great Depression.
