contestada

5. October 24, 1929 is known as Black Thursday. What happened on this day?

Nervous investors sold large quantities of stocks resulting in the stock market losing one-quarter of its value.

People made runs on their banks withdrawing all of their money which forced the banks to close.

Congress passed the Smoot-Hawley Tariff to restrict imports which caused many American businesses to go bankrupt.

The Federal Reserve Board threatened to cut back on its loans to banks causing a panic among investors.

Respuesta :

Cleverguy

Answer:

On October 29, 1929, Black Tuesday hit Wall Street as investors traded a lot of money shares(in millions) on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. In the aftermath of Black Tuesday, America and the rest of the world came crashing downward into The Great Depression and lasted for a decade

Otras preguntas