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What was the cause of Black Tuesday?

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Definition: Black Tuesday was October 29, 1929. Investors traded a record 16.4 million shares and lost $14 billion on the New York Stock Exchange. ... It was the fourth and worst day in the stock market crash of 1929.Dec 23, 2016 read more

How Black Tuesday Helped Cause the Great Depression. Black Tuesday's losses destroyed confidence in the economy. That loss of confidence led to the Great Depression. In those days, people believed the stock market was the economy. What was good for Wall Street was thought to be good for Main Street. read more

Cause of Black Tuesday There was over speculation in the Stock Market, which was not regulated, during the 1920s..Many Americans purchased stock on credit. This was known as margin buying. Politicians did not understand the problems facing the economy so they took no action to regulate the purchase and sale of stocks. read more

Historians often cite Black Tuesday as the beginning of the Great Depression because it marked not only the end of one of the nation's greatest bull markets, but the end of widespread optimism and confidence in the U.S. economy. read more

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