What name was given to the wall street crash of 29 october 1929 also known as the stock market crash of 1929 which lead to a great depression in 1930?
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Black Thursday is the name given to the wall street crash of 29 october 1929.
Explanation:
- Black Thursday is the name given to Thursday, October 24, 1929, when froze financial specialists sent the Dow Jones Industrial Average diving 11 percent at the open in exceptionally overwhelming volume. Black Thursday started the Wall Street crash of 1929, which went on until October 29, 1929.
- Numerous speculators had borrowed money to purchase stocks, and the accident on Black Thursday cleared them out monetarily prompting widespread bank failures. Black Thursday was the impetus that in the end sent the U.S. economy into a monetary change called the Great Depression of the 1930s.
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