Job Recruitment Website - Recruitment portal - On Wall Street on Black Thursday, Americans lined up to receive relief funds under the posters, reflecting what was happening in the United States at that time.
On Wall Street on Black Thursday, Americans lined up to receive relief funds under the posters, reflecting what was happening in the United States at that time.
Financial crisis.
In the 1920s, there was a speculative frenzy in the U.S. securities market. "Whoever wants to get rich, buy stocks" became a mantra. People bought stocks like an obsession, dreaming of becoming a millionaire overnight. Rich man. Crazy stock speculation finally triggered an economic catastrophe. On October 24, 1929, the stock price of the New York Stock Exchange fell like an avalanche, people sold their stocks hysterically, and the entire exchange hall echoed with screams of despair. This day became the dreaded "Black Thursday" and triggered the U.S. economic crisis. However, this is only the beginning of the disaster. On the 29th, the stock price of the exchange plummeted again. More than 16 million stocks were sold in one day, and the average price of 50 major stocks fell by nearly 40%. On this day, the New York stock market collapsed, and the great economic crisis of the capitalist world began. ]
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