Black Thursday

What Does Black Thursday Mean?
The name given to Thursday, October 24, 1929, when the New York Stock Exchange plummeted, leading to the Great Depression of the 1930s.

Investopedia explains Black Thursday
As a result of this day, the Securities Act of 1933 and the Securities Exchange Act of 1934 were formed in order to increase market regulation in the hope of preventing future catastrophic events.

Filed Under: Economics

Related Terms

Black Monday
Calendar Effect
Fractional-Reserve Banking
Great Depression
Kondratiev Wave
Securities And Exchange Commission - SEC
Stock Market Crash Of 1929
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