What event occurred on Black Tuesday?

A. Unemployment reached nearly 25 percent.
B. The Federal Reserve lowered interest rates.
C. Investors sold more than 16 million shares of stock.
D. Germany stopped reparation payments to the United States.

C). Investors sold more than 16 million shares of stock . . . about 4 times the average amount . . . on October 29, 1929 . . . marking the financial beginning of The Great Depression (USA)

Answered by Anonymous | 2024-06-10

C. Investors sold more than 16 million shares of stocks

Answered by Anonymous | 2024-06-10

On Black Tuesday, October 29, 1929, the American stock market crashed when investors sold over 16 million shares, leading to significant financial losses. This day marked the beginning of the Great Depression, affecting individuals and institutions nationwide. The event underscored the risks of speculative investments and financial instability in the economy.
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Answered by Anonymous | 2024-10-31