Final answer:
Excessive speculation and consumerism were the two factors that contributed to the event known as Black Tuesday, marking the start of the Great Depression in the United States.
Step-by-step explanation:
Black Tuesday was a significant event that occurred on October 29, 1929, marking the start of the Great Depression in the United States. Two factors that contributed to this event were excessive speculation and consumerism.
Excessive speculation refers to the practice of buying stocks on margin, where investors borrowed money to purchase stocks. This led to an overvaluation of stocks and a speculative bubble. When investors panicked and began selling their stocks, it triggered a massive stock market crash.
Consumerism played a role in Black Tuesday as well. In the 1920s, there was a surge in consumer spending, fueled by easy credit and a desire for new products. However, this excessive consumerism was not sustainable, and when individuals and businesses could no longer afford to make purchases, it contributed to the economic downturn.
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