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Black Tuesday |
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Black Tuesday The date of the third large stock market crash that presaged the Great Depression. While the Great Depression had already begun in some areas, Black Tuesday confirmed fears felt by investors that the end of the speculative bubble that had marked most investing in the 1920s had arrived. Black Tuesday occurred on October 29, 1929; on this day, the Dow Jones Industrial Average lost nearly 12% of its value after having lost almost 13% the previous day on Black Monday. The Great Depression contributed to the formation of most regulation still in force today. See also: Black Thursday.
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