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Discuss the stock market crash of 1929 as a trigger event in 100 words

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Discuss the stock market crash of 1929 as a trigger event in 100 words

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The Stock Market Crash of 1929, also known as Black Tuesday, was a significant event that triggered the Great Depression. It began on October 24, 1929, and by October 29, the market had completely collapsed. This crash was a result of speculative trading and the overvaluation of stocks, which created an economic bubble. When the bubble burst, investors rushed to sell their stocks, leading to a massive drop in prices. This crash not only wiped out millions of investors but also led to a decline in consumer spending and investment, which severely affected the global economy.

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