What happened on Thursday 24 October 1929, known as Black Thursday?

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Study for the WJEC Eduqas GCSE USA History Test. Dive into flashcards and multiple choice questions with hints and explanations. Prepare thoroughly for your exam!

Multiple Choice

What happened on Thursday 24 October 1929, known as Black Thursday?

Explanation:
On Black Thursday, October 24, 1929, a massive wave of selling swept through the market, with about 13 million shares changing hands as prices collapsed. Investors rushed to exit, panic spreading as the Dow plunged, which is exactly what defines this day: a huge trading volume paired with a sharp fall in prices. This moment marks the onset of the stock market crash and foreshadows the devastating economic downturn that followed, setting the stage for Black Tuesday later in the week.

On Black Thursday, October 24, 1929, a massive wave of selling swept through the market, with about 13 million shares changing hands as prices collapsed. Investors rushed to exit, panic spreading as the Dow plunged, which is exactly what defines this day: a huge trading volume paired with a sharp fall in prices. This moment marks the onset of the stock market crash and foreshadows the devastating economic downturn that followed, setting the stage for Black Tuesday later in the week.

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