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This is a Two part question 1. This is the name given to October 29th, 1929, or the Great Stock Market Crash of 1929. 2. On an unrelated note, Between the period of Monday Jan. 26th, 2018 and Thursday Feb. 8th, 2018 the Dow Jones Industrial Stock plummeted around 2,756.25 points and caused little issue. In 1929, the market plummeted around 30.57 points and caused mass turmoil. Whats the difference?
What is 1. Black Tuesday, 2. One of the better explanations was the size of the market. Now days the market is in the 25,000 point area. This means more points can be lost and the market stays the same and can more easily recover. In 1929, the market was only around 230-260 point range meaning a small loss was a huge deal.