85.4k views
0 votes
What event happened on October 29, 1929, called Black Tuesday?

A. The boll weevil arrived in Texas.
B. Farmers went on strike.
C. President Herbert Hoover made a speech.
D. The stock market collapsed.

User Elysee
by
8.0k points

1 Answer

2 votes

D. The stock market collapsed.

Black Tuesday refers to October 29, 1929, when the stock market experienced a massive collapse. This event marked the beginning of the Great Depression, a period of economic downturn that lasted for several years and had a significant impact on the global economy. On Black Tuesday, the stock market lost over $9 billion in value, leading to widespread panic and financial turmoil.

User Beau
by
7.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.