In this video, you will learn about the black Tuesday event that led to the great depression in the financial markets. #blacktuesday #blackmonday #wallstreetmojo #greatdepression #stockmarketcrash Chapters: 00:00 – Introduction 00:44 – What is black Tuesday? 01:31 – Causes of black Tuesday 02:49 – Effects of black Tuesday 04:27 – Conclusion What is black Tuesday? October 29th, 1929, is often referred to as Black Tuesday. This is because it was the day when the Dow Jones Industrial Average fell almost 12% in a single day. This sudden crash further affected the markets as by mid-November, the DJIA lost 50% of its value, and by the summer of 1932, the index was trading at around 90% below the peak. Causes of black Tuesday From 1921, the DJIA started the post-war advancement at $63.9, and till black Monday and Tuesday, the index rose almost 400%. In mid-1929, the Fed warned that too …
