What is the nickname of the market crash that triggered the Great Depression? Answer
https://www.youtube.com/watch?v=_E688tqnOgQ
The stock market collapse that initiated the Great Depression is widely recognized as "Black Tuesday." Taking place on October 29, 1929, this calamitous incident saw a remarkable and sudden decline in the value of the U.S. stock market. As fear gripped Wall Street, a frenzy of selling ensued, eradicating billions of dollars and inflicting severe losses on investors in a matter of hours.
This crash heralded the commencement of a prolonged economic slump lasting a decade, impacting global economies, leading to mass unemployment, poverty, and substantial social and political transformations.
No comments:
Post a Comment