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Stock Market Crash of 1929
Workers flood the streets in a panic following the Black Tuesday stock market crash on Wall Street, New York City, 1929
Hulton Archive/Archive Photos/Getty Images
Remembered today as "Black Tuesday," the stock market crash of October 29, 1929, was neither the sole cause of the Great Depression nor the first crash that month. The market, which had reached record highs that very summer, had begun to decline in September.
On Thursday, October 24, the market plunged at the opening bell, causing a panic. Though investors managed to halt the slide, just five days later on "Black Tuesday" the market crashed, losing 12 percent of its value and wiping out $14 billion of investments. Two months later, stockholders had lost more than $40 billion dollars. Even though the stock market regained some of its losses by the end of 1930, the economy was devastated. America truly entered what is called the Great Depression.
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Explanation: Hope this helps
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Madison es una agencia de mercadeo especializada en estrategias, campañas e investigación de marketing para posicionar marcas e impulsar ventas. El equipo laboral refiere que el trabajo se hace muy ameno, porque las metas se organizan y logran en equipo. Ganan buenos salarios con beneficios sociales.Explanation:
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Determination and Hardwork?
If the US had been poor in natural resources than it likely would not have been a major leader in the Industrial Revolution, and would have had to import many resources from South America and elsewhere.
