What is the difference between black tuesday and black thursday

Black Tuesday October 29, October 29, , "Black Tuesday," is known as the worst day in stock market history, the day the stock market crashed. On Monday, it fell on light trading, to This triggered an all-out panic on Black Tuesday, as investors realized that the intervention didn't work. There were so many orders to sell that the ticker quickly fell behind. Panicked sellers traded nearly 16 million shares on the New York Stock Exchange four times the normal volume at the time.

By the end of that day, the Dow had fallen to Black Tuesday is often cited as the beginning of the Great Depression. Black Tuesday October 29, People were in a panic ; they couldn't get rid of their stocks fast enough. Since everyone was selling and nearly no one was buying, stock prices collapsed. Panic hit the country. Over The Dramatic Effect Besides the dramatic effect on investor psychology, the events of Black Tuesday contributed to the creation of a variety of new laws, organizations, and programs designed to improve the country's infrastructure, further social welfare, and prevent corporate fraud and abuses.

What Was The Great Depression? The Great Depression was a global economic crisis that may have been triggered by political decisions war reparations post- World War I , protectionism Congressional tariffs on European goods or by speculation the Stock Market Collapse of Total views 4, On Slideshare 0. From embeds 0. Number of embeds 1. Downloads Shares 0. Comments 0. Likes 2. You just clipped your first slide! Clipping is a handy way to collect important slides you want to go back to later.

Now customize the name of a clipboard to store your clips. The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from to It began after the stock market crash of October , which sent Wall Street into a panic and wiped out millions of investors.

Over the next several The Securities and Exchange Commission, or SEC, is an independent federal regulatory agency tasked with protecting investors and capital, overseeing the stock market and proposing and enforcing federal securities laws.

The s in the United States began with an historic low: more than 15 million Americans—fully one-quarter of all wage-earning workers—were unemployed. President Herbert Hoover did not do much to alleviate the crisis: Patience and self-reliance, he argued, were all Americans The stock market crash of October left the American public highly nervous and extremely susceptible to rumors of impending financial disaster.

Consumer spending and investment began to decrease, which would in turn lead to a decline in production and employment. In the s, women were decades away from earning the right to vote. Few owned property, if they were even permitted to do so.

In addition to childcare obligations, many toiled in work that was either underpaid, or not paid at all. Essentially, the gears of progress for women Live TV. This Day In History. History Vault. What Caused the Stock Market Crash? Recommended for you. More Dates in History January. Media Credits The audio, illustrations, photos, and videos are credited beneath the media asset, except for promotional images, which generally link to another page that contains the media credit.

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