Question

Which is not true about Black Tuesday?

A. banks were hit hard because they loaned money to investors for stock purchases
B. Oct 29, 1929
C. banks closed because they even used customers money to invest in the stock market
D. when loan payments were not forthcoming, many banks went bankrupt
E. all are true statements about Black Tuesday

Answer 1

Answer:

E.all true statements about black Tuesday

Explanation:

On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression (1929-39), the deepest and longest-lasting economic downturn in the history of the Western industrialized world up to that time.