Answer: It was one of the most disastrous days in the American stock market, which ignited the Great depression of 1929.
Step-by-step explanation:
On Tuesday, October 29, the most devastating single day in the stock market’s history to that point, widespread panic had set in. By the end of the month, stocks on the New York Stock Exchange had fallen in value by an average of 37 percent. . Business and government leaders initially expressed confidence that the markets would rebound. The devastating collapse of the economy caused immense social hardships