What nickname is given to the period preceding the Great Depression in America?
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Black Tuesday nickname is given to the period preceding the Great Depression in America.
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The Great Depression is considered as worst economic downturn in US history and this mainly began in the year 1929.
The Great Depression did not abate until the end of the 1930s. Even stock market crashed in the year of 1929 and then signalled as beginning of the Great Depression.
In the 1933, the unemployment was the 25 percent and more than 5,000 banks does not have any support.
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