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Black Tuesday, which occurred on October 29, 1929, marked the beginning of the Great Depression, leading to widespread economic hardship and significant changes in financial regulations. Its impact is still felt today as it prompted the creation of policies aimed at stabilizing the economy, including the establishment of the Securities and Exchange Commission (SEC) to regulate the Stock Market. The event serves as a historical lesson on the dangers of speculative investing and the importance of economic stability, influencing current financial practices and crisis management strategies globally. Additionally, it has shaped public perception of market volatility and the role of government in economic affairs.

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1mo ago

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