What's the difference between Black Thursday and Black Tuesday?
Answer (3)
black Thursday- October 24 1929; new york stock exchange crashed. banks and investiment companies bought large block of stocks around like 12.9 million; ending of the roaring twenties and beginning of the great depression.
black Tuesday- October 29 1929; the wrost features of black Thursday. therefore black Tuesday market suffered loss about 12 percent after hitting up over 16.4 million shares were trade.
The difference between Black Thursday and Black Tuesday revolves around the key dates and events that marked the beginning of the great stock market crash in 1929. Black Thursday, which occurred on October 24, 1929, signaled the start of the financial downturn, with the Dow Jones Industrial Average falling nearly 5% the day before. Panic began to spread, and investors started to sell their stocks rapidly. However, it was Black Tuesday, on October 29, 1929, that saw a massive sell-off where over sixteen million shares were traded, and investors saw a staggering loss of over $14 billion. Bank demands for loan payments from individuals led to further sales, and many lost their life savings, with debts to banks still outstanding even after their stocks were sold.
Black Thursday occurred on October 24, 1929, marking the start of the stock market crash, while Black Tuesday, on October 29, 1929, was marked by a massive sell-off resulting in severe financial losses. Both events were crucial in the escalation of the Great Depression. Black Thursday saw rising panic among investors, while Black Tuesday resulted in the trading of over 16 million shares and significant financial ruin.
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