What event happened on October W 1929 called black Tuesday?
The Wall Street Crash of 1929, also known as Black Tuesday, the
Great Crash, or the Stock Market Crash of 1929, began on October
24, 1929, and was the most devastating stock market crash in the
history of the United States, when taking into consideration the
full effects of the collapse.
Related Q&A：
What role Did banks have in the crash 1929？Well, let me tell you, banks played a pretty significant role in the 1929 crash. They were way too loose with lending money. They gave out loans without really checking if people could pay them back. This led to a bubble in the stock market and a whole lot of risky investments. When things started going south, banks panicked and called in loans, which made the situation even worse. Oh boy, it was a real mess! People lost their savings, businesses went under, and it was just a disaster.
