What significant event is referred to as Black Tuesday?

• A. October 29, 1929
• B. The beginning of World War I
• C. The end of the Great Depression
• D. The signing of the Treaty of Versailles

Answer: (A)

Black Tuesday refers specifically to October 29, 1929, a pivotal day in American history marking the stock market crash that led to the Great Depression. On this day, panic selling overwhelmed the New York Stock Exchange, resulting in a catastrophic loss of stock value. This event not only wiped out many investors but also set off a chain reaction that affected banks, businesses, and consumers, ultimately leading to widespread unemployment and economic hardship throughout the 1930s. Understanding this event's significance is crucial as it highlights the vulnerabilities in the financial system and illustrates the profound impact economic issues can have on society as a whole.