Entity: BLACK-TUESDAY
Black Tuesday refers to the catastrophic stock market crash that occurred on October 29, 1929, marking the beginning of the Great Depression.
BLACK-TUESDAY
Etymology
The term 'Black Tuesday' originated from the stock market crash that took place on October 29, 1929.
Definition
Black Tuesday refers to the catastrophic stock market crash that occurred on October 29, 1929, marking the beginning of the Great Depression.
Historical Context
Black Tuesday was a pivotal event in U.S. financial history, leading to a severe economic downturn that lasted for years. The crash was triggered by a combination of factors, including over-speculation in stocks, excessive consumer debt, and economic imbalances.
Cultural Significance
Black Tuesday symbolizes the devastating impact of financial crises on society and serves as a reminder of the importance of financial regulation and stability.
Related Concepts
- Great Depression
- Stock Market Crash
- Economic Recession
See Also
A significant event in financial history where the U.S. stock market crashed, leading to widespread economic turmoil and the onset of the Great Depression.