What is the nickname of the market crash that triggered the Great Depression? Answer
The stock market collapse that initiated the Great Depression is widely recognized as “Black Tuesday.” Taking place on October 29, 1929, this calamitous incident saw a remarkable and sudden decline in the value of the U.S. stock market. As fear gripped Wall Street, a frenzy of selling ensued, eradicating billions of dollars and inflicting severe losses on investors in a matter of hours.
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This crash heralded the commencement of a prolonged economic slump lasting a decade, impacting global economies, leading to mass unemployment, poverty, and substantial social and political transformations.