6. When did the Great Depression begin in the USA?
From Quiz The Great Depression Era
Answer:
1929
The much-feared stock market crash eventually materialised on October 24, 1929, as frightened investors started liquidating massive quantities of expensive shares of stock. On "Black Thursday," a record 12.9 million shares were exchanged.
Five days later, on October 29, popularly referred to as "Black Tuesday," about 16 million shares were moved as a result of yet another wave of panic that rocked Wall Street. Millions of shares lost all of their value, completely ruining investors who had purchased shares with borrowed money.
The stock market plummeted for a number of reasons. The United States' economy grew quickly following the end of World War I due to the production of steel, automobiles, and social advancements; the stock market also advanced quickly during this time. There were lots of jobs available. That era is now referred to as the "Roaring Twenties." Not everyone, though, felt the advantages. By 1929 many products were sold at a loss because of overstock, which was caused by overproduction on the part of farmers and steel and iron companies, as well as overinflated shares prices. Share prices then began to fall, and this was the start of the Great Depression.