Black Thursday
Black Thursday refers to the events that took place on October 24, 1929, when the stock market crashed, leading to the beginning of the Great Depression in the United States. This day is considered one of the darkest in the history of Wall Street.
Investors panicked and started selling their stocks in large numbers, causing a drastic drop in stock prices. The market lost billions of dollars in value within a few hours, leading to widespread financial ruin for many.
One of the most significant events of Black Thursday was the failure of many banks and businesses, as well as the rise in unemployment rates. The effects of the stock market crash were felt for years to come, with many people struggling to recover from the economic devastation.
Black Thursday serves as a stark reminder of the dangers of speculative investing and the importance of financial regulation to prevent such catastrophic events from happening again.
Some key points about Black Thursday: Occurred on October 24, 1929 Marked the beginning of the Great Depression Led to widespread financial ruin and economic devastation
For more information, you can visit Wikipedia.