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Why is it called Black Tuesday?

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The most catastrophic stock market crash in the history of the United States, Black Tuesday took place on October 29, 1929 and was when the price of stocks completely collapsed. It was because of this day that the Roaring Twenties came to a stumbling halt and, in its place, was the Great Depression. 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

October 24, 1929 is called Black Thursday, and October 29, 1929 is referred to as Black Tuesday. When talking about financial markets the term "black" typically means a disastrous day in the world of finance. On Black Thursday the trouble started, and on Black Tuesday the value of stocks dropped by about 13% on that one day. read more

The great bull market of the late 1920s was a classic example of a speculative “bubble” scheme, so called because it expands until it bursts. In the fall of 1929 confidence that prices would keep rising faltered, then failed. read more

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