Black Tuesday refers to the day the stock market crashed on October 29, 1929, marking the beginning of the Great Depression, a period of severe economic downturn in the United States and globally.
Black Tuesday refers to the day the stock market crashed on October 29, 1929. It is a significant event in the United States' history as it marked the beginning of the Great Depression, a period of economic downturn that lasted for a decade, up till the late 1930s. The crash was the result of a period of speculation, overspending and unregulated trading that led to inflated stock prices. When the bubble burst, individuals, banks, and companies were left bankrupt, leading to an economic crisis. The effects of this event were not only felt in the United States, but also significantly influenced global markets.
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