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snow_tiger [21]
3 years ago
15

Who/what was at fault for this cause for black tuesday and why

History
2 answers:
ale4655 [162]3 years ago
7 0

Answer:

Part of the panic that caused Black Tuesday resulted from how investors played the stock market in the 1920s. They didn't have instant access to information via the internet. ... The other reason for the panic was the new method for buying stocks, called buying on margin.

Explanation:

Softa [21]3 years ago
7 0

Answer:

Black Tuesday refers to October 29, 1929, when panicked sellers traded nearly 16 million shares on the New York Stock Exchange (four times the normal volume at the time), and the Dow Jones Industrial Average fell -12%. Black Tuesday is often cited as the beginning of the Great Depression.

Explanation:

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<h3>What is Nationalization?</h3>

Nationalization is the process in which the private organizations are acquired by the government and then the government officials manage the company and provide their best strategies which makes the company and the industry to flourish.

Nationalization has always been great full for the industries to grow and reach boom. Britain's textile industry was not performing well and for this reason the Great Britain accepted a nationalization strategy which gave the Britain's textile industry the upper hand and so the industry flourished.

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4 0
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