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The Crash of '29 refers to the Stock Market crash that occurred in late October 1929, marking the beginning of the Great Depression in the United States. It was characterized by a dramatic decline in stock prices, with the most significant drops happening on October 24 (Black Thursday) and October 29 (Black Tuesday). The crash was fueled by speculative investments, overproduction, and a lack of regulatory oversight, leading to widespread economic turmoil and financial instability. Its effects were felt globally, resulting in high unemployment and severe economic hardship throughout the 1930s.

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2w ago

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