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What Was Black Thursday

 Black Thursday is the name given to Thursday, October 24, 1929, when panicked
investors sent the Dow Jones Industrial Average dipping 11% at the open in very heavy
volume. Black Thursday began the Wall Street crash of 1929, which lasted until October
29, 1929.
 Black Thursday was the day where the DOW dropped, but in reality, it was the inciting
event, triggering a painful sell-off that lasted years, bankrupting investors across all levels
of wealth.
 The day caused such a domino effect of selling that the index fell nearly 90%, and wasn't
able to recover for almost 25 years.
 Many investors had borrowed or leveraged heavily to buy stocks, and the crash on
Black Thursday wiped them out financially—leading to widespread bank failures. Black
Thursday was the catalyst that eventually sent the U.S. economy into an economic
disturbance called the Great Depression of the 1930s.
 Black Thursday marked the day the Roaring 20s stock market bubble finally burst.
This event ended a decade of rapid expansion of the U.S. stock market branded by wild
speculation. At this point, stocks of companies were valued way over their actual worth
in the face of declining production, low employment, and large debts.
 Although Black Thursday preceded it, the stock market crash 1929 of was actually
caused by several factors. These include excess production in several industries, an
oversupply in multiple areas of the market, faltering share prices, numerous shares having
been bought on margin, and a lack of cash on the sidelines.
 Black Thursday and the subsequent stock market crash of 1929 led to the complete
revamp of regulations on the U.S. securities industry. Congress passed the Securities Act
of 1933 and the Securities Exchange Act of 1934 to protect investors. These checks and
balances are still in force today
 Over to you saurabh