When did Black Tuesday happen?

Appeared in: DSSSB - 29 August 2019 (Shift-1)

Explanation

Black Tuesday refers to October 29, 1929, the day of the most catastrophic stock market crash in U.S. history.
This event is considered the primary catalyst for the Great Depression, a severe worldwide economic depression that lasted throughout the 1930s.
On this day, stock prices completely collapsed, and a record 16 million shares were traded on the New York Stock Exchange in a single day.

Option A: This date is one year after the actual event. The Wall Street Crash and Black Tuesday occurred in 1929, not 1930.
Option C: This date is two years before the crash. The year 1927 was part of the 'Roaring Twenties,' a period of economic prosperity that preceded the crash.
Option D: This date, October 28, 1929, is known as 'Black Monday.' While it was a day of significant market losses, it was the precursor to the main crash on Black Tuesday.

Clinical Relevance

Nursing practice connection: This is primarily an exam-oriented knowledge point with limited direct bedside application, so retain Key Dates in World History: The Great Depression as background academic context rather than a clinical decision trigger.
The Great Depression, triggered by Black Tuesday, led to widespread poverty and unemployment, which had severe public health consequences, including malnutrition, increased infant mortality, and a rise in stress-related illnesses.
This era highlighted the need for social safety nets. It led to the creation of government-funded social welfare and public health programs (like the Social Security Act in the U.S.), which fundamentally reshaped the role of government in health and welfare.
What if the question asked about the start of the panic? The answer would be October 24, 1929 (Black Thursday), which marked the first major sell-off, though Black Tuesday was the day of the ultimate collapse.

How to Approach the Question

Identify the key term in the question: 'Black Tuesday'.
Recognize this as a factual recall question from world history, specifically related to economics.
Associate 'Black Tuesday' with the major stock market crash that started the Great Depression.
Recall or deduce that this event happened in 1929. This allows you to eliminate options with other years (1930, 1927).
Differentiate between the two 1929 options. Remember that the crash unfolded over several days. 'Black Tuesday' (October 29) was the final and most severe day of the crash, following 'Black Monday' (October 28).

Concept Tested & Keywords

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Practise the full DSSSB - 29 August 2019 (Shift-1)

Attempt every question from this paper in a timed mock, then review the full solution for each one.