What is the significance of the date October 29, 1929?

History

2 answers:

Nina [5.8K]3 years ago

4 0

Answer:B.

Stock prices continued to drop after a devastating crash the week before.

Explanation:

ON that day stocks had fell down like crazy in all countries except Japan

Irina18 [472]3 years ago

3 0

Answer:

<h2>B. Stock prices continued to drop after a devastating crash the week before.</h2>

Explanation:

In late 1929, the stock market, and everything that had built the roaring twenties, began to come undone. The first day of losses was Wednesday, October 23, 1929, where the stock market fell drastically during the last hour of trading. By the next week, Monday, October 28, 1929, people had begun to have serious doubts about the integrity of the economy. One this day and the following day, the crash would set in in ernest. On Monday the Dow fell 13%. The pace of selling was so fast that traders spent into the night trying to get ready for October 29. On the next day, the famous Black Tuesday, the markets dropped 12% more. In total, $25 billion, some $319 billion in today's dollars, was lost in the 1929 crash.

<em>PLEASE MARK BRAINLIEST</em>

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