Black tuesday october 22, 1929: Stock market crash
- Dow Jones Industrial average collapsed
- Businesses go bankrupt
- Banks close
The industrial average of the Dow Jones collapsed and a general selloff caused a loss by 89% from the peak in 1929. The Black Tuesday was the start of the Great Depression.
Other reasons for the great depression
- Overproduction
- Tariffs (Protectionism)
- International Debt
- Weak European economy