Which major event in 1929 triggered a global financial crisis? 🔊
The major event in 1929 that triggered a global financial crisis was the Wall Street Crash, commonly referred to as Black Tuesday, which occurred on October 29. This event marked the beginning of the Great Depression, a severe worldwide economic downturn that lasted throughout the 1930s. The stock market crash led to massive losses in personal wealth, widespread unemployment, and a significant contraction in industrial output. The crisis had far-reaching social and political consequences, leading to significant governmental interventions and shaping economic policies for decades to come.
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