What major economic event occurred in October 1929?
Understand the Problem
The question is asking about a significant economic event that took place in October 1929. This refers to the stock market crash that is widely considered as the beginning of the Great Depression.
Answer
The Wall Street Crash of 1929.
The major economic event that occurred in October 1929 was the Wall Street Crash, also known as the Great Crash.
Answer for screen readers
The major economic event that occurred in October 1929 was the Wall Street Crash, also known as the Great Crash.
More Information
The Wall Street Crash of 1929 was a significant stock market crash that began in late October with sharp declines on the New York Stock Exchange. It marked the beginning of the Great Depression, a period of severe economic downturn that lasted about a decade.
Tips
A common mistake is confusing the end date of the crash. It began in late October and continued into November 1929.
Sources
- The web page with info on - Example Source - en.wikipedia.org
- Stock Market Crash of 1929 | Federal Reserve History - federalreservehistory.org
- Stock market crash of 1929 | Summary, Causes, & Facts | Britannica - britannica.com
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