On October 30, 1929, many of the remaining investors in the US stock markettried to create a rally.pulled out of the market.closed the stock market.bought falling stocks.
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in the year of 1929 US stock market was crashed result in great losses this crash even effected the london stock market. On the day of 30th october in the year 1929 the crashed stock market continue to gain losses as the investors also pulled their hand out. But some investors like william C.Durant really tried to get out of the situation by buying large stocks but that also didnot help at all.
The day of 29th october is also known as the black tuesday due to the losses occur on that day.
The day of 29th october is also known as the black tuesday due to the losses occur on that day.
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The Investors and some leading bankers bought lots of stocks in order to try and stabilize the falling market. This happened before the crash on October 29, 1929. After the crash it was only a recovery period for the stock prices but not to a great extent because of the Great Depression of United States.
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