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.
The 1920s had been a time of wealth and excess in the United States of America, and stock prices had risen to unprecedented levels. This encouraged many people to speculate that the market would continue to rise. Investors borrowed money to buy more stocks.
As real estate values declined during the late 1920s, the stock market also weakened. When stock prices started to slide on October 29, people rushed to sell their stock and get out of the market, which drove prices down even further. This cycle led to more and more “panic selling,” until the stock market fell to its lowest point in history.
The stock market crashed and the Great Depression began.
the stock market crashed!!
The 1929 stock market crashed. Up till them America was called it was in its roaring 20s. But in September 1929, the Stock Market crashed leaving people with no jobs. It was a complete recession.
The market crashed on October 24, which is also known as Black Tuesday.
black thursday
became worthless
became worthless
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
on October 29, 1929, $10- $15 billion loss in value and stocks fell drastically. This is when the Stock Market crashed Why did many banks fail after the stock market crashed? because they invested in the stock markets, so when it crashed they lost all their money
Black Tuesday in 1929
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