Question

The world spiralled into Great Depression on Black Tuesday. Arrange the following events in chronological order that led to this:

1) Investors traded 16 million in a day.

2) USA got its economy on track after the First World War.

3) The economy of USA was booming and it attracted more investors.

4) New York Stock Exchange crashed.

5) Investors went broke.

• A. 1,2,3,4,5
• B. 2,4,3,1,5
• C. 3,4,2,1,5
• D. 2,3,4,1,5

Answer 1

The correct option is D 2,3,4,1,5

After the First World War, the economy of the USA was booming and attracted many investors. On October 29, 1929, the New York Stock Exchange crashed. When the economy began to display signs of a slowdown and stock prices dropped, investors panicked and traded 16 million shares in a single day. Billions of dollars were lost, and thousands of investors went broke.