Final answer:
Black Friday did not occur on October 29, 1939; rather, Black Tuesday, a major stock market crash, occurred on that date in 1929. The term Black Friday is associated with different events in history, none of which occurred in 1939.
Step-by-step explanation:
Black Friday did not occur on October 29, 1939. This statement is false. In fact, Black Tuesday, which is considered one of the worst stock market crashes in American history, happened on October 29, 1929. This day saw thousands of people rushing to sell their stocks which led to plummeting prices and eventually a complete crash of the stock market. On the other hand, Black Friday is associated with two different historical events: one being on May 9, 1873, when the Vienna stock market collapsed and another on September 24, 1869, when the gold market crashed in the United States. The collapse on October 29, 1929, was part of a series of economic downturns that included Black Thursday on October 24, 1929, leading to an extensive economic crisis known as the Great Depression. Thus, the claim of Black Friday occurring on October 29, 1939, is inaccurate.