Millions Became Poor Overnight, the World Plunged Into Chaos that Day.
4 Articles
4 Articles
BLACK Thursday marks the collapse of the American stock market and the beginning of the greatest economic crisis of the 20th century.
Exactly 97 years ago today, on October 24, 1929, the New York Stock Exchange panic began, which went down in history as Black Thursday. The ensuing crash wiped out about $30 billion of investors' assets and became one of the best-known symbols of the Great Depression. On October 23, 1997, Estonia experienced its own "Black Thursday."
Today marks 97 years since the beginning of the worst economic crisis of the 20th century, known in history as the Great Depression. Its consequences were felt around the world in the 1930s and changed not only the economy but also political life in a number of countries, and the changes still reverberate today.
Exactly 97 years ago, on October 24, 1929, the Great Depression began, the largest economic crisis in U.S. history. This day has come into history as "Black Thursday", when the stock market collapsed with a chain reaction that spread throughout the world, and the depression itself seems to have been heard by everyone, but its causes still give rise to controversy among economists, and in fact it is a dispute over the nature of capitalism and the…
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