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Black Tuesday hit Wall Street on 29 October 1929. On that single day, investors traded around 16 million shares on the New York Stock Exchange. Thousands of investors were wiped out as the markets lost over a billion dollars. The events on Wall Street in New York City were felt all around the world. By 1929, the economies of industrialized nations were intertwined. One country that had factories needed to buy raw materials from another country that had farms. Yet another country would buy the goods. While this system helped companies grow and brought industrial goods to more people around the world, it also meant that economies were interconnected. Like the cards leaning on each o
