What was the condition of many major companies on Tuesday, October 29, 1929?
They had lost much of their value.
They had stopped selling stock.
They were unaffected by the crash.
They were still making good money.
They had lost much of their value.
They had stopped selling stock.
They were unaffected by the crash.
They were still making good money.
Answers & Comments
Answer:
On Tuesday, October 29, 1929, also known as Black Tuesday, the condition of many major companies was that they had lost much of their value. This day marked the peak of the stock market crash that began in late October 1929 and led to the Great Depression of the 1930s. The crash caused many investors to panic and sell their stocks, leading to a rapid decline in stock prices. Many companies saw their stock prices plummet, causing them to lose significant value. The crash had a profound and long-lasting impact on the economy, with many companies struggling to survive during the ensuing years of the Great Depression.
Verified answer
What was the condition of many major companies on Tuesday, October 29, 1929?: They had lost much of their value.
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