Black Teusday
- The name given to the stock market crash.
- crash took place on Oct. 29 1929
- people started to throw themselves from buildings and commit suicide
- people could not pay back loans to banks so the banks went bankrupt
- banks were not insured so anyone with money in the bank would loose almost everything
Summary
the day of the stock market crash in 1929, the US went from being in a state of extreme wealth, to a panicked state of poverty.