Entity: BLACK-THURSDAY
Black Thursday refers to the infamous day in stock market history on October 24, 1929, when panic selling ensued on the New York Stock Exchange, leading to a significant drop in stock prices and triggering the Great Depression.
BLACK-THURSDAY
Etymology
The term 'Black Thursday' originated from the events that unfolded on Thursday, October 24, 1929, during the Wall Street crash.
Definition
Black Thursday is a term used to describe a historically significant event, particularly in relation to financial markets, that occurred on a Thursday and had a lasting impact on the economy.
Historical Context
Black Thursday is most notably associated with the stock market crash of 1929, which marked the beginning of the Great Depression. On this day, panic selling led to a rapid decline in stock prices, triggering a domino effect that affected the global economy.
Cultural Significance
The term 'Black Thursday' has become synonymous with financial crises and market crashes. It serves as a cautionary tale about the dangers of speculative trading and the fragility of the financial system.
Related Concepts
Black Thursday is often compared to 'Black Tuesday', which occurred on October 29, 1929, and is another significant day in stock market history.
See Also
A term used to describe a historically significant event, particularly in relation to financial markets, that occurred on a Thursday and had a lasting impact on the economy.