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WTF is my old History teacher wrong?

U

UberDave

Platinum Member
I was in my U.S.A history class about a year and a half ago and I remember learning about when the stock market crashed. I SWEAR TO GOD she taught us that BLACK TUESDAY was when the stock market crashed. It EVEN said it in my TEXT BOOK. Anyways, I was watching "Who wants to be a millionaire" and it asked which day the stock market crashed and he was on 50/50 with Black Tuesday and Black Thursday. I was like omg it's black tuesday. BUt he picked it (black tuesday) and LOST because they claimed it was black thursday.
I asked my History teacher (miss cranfield) and she said it was black tuesday, and so it also said in my text.


Is there some sort of confusion or something?


I did a search on the net and recently they are calling black tuesday 9/11...weird
 
I'm assuming that if WWTBAM got the answer wrong, they would hear about it. The guy probably got compensated or got to play again or something.
 
Searched the web for "black thursday" . Results 1 - 10 of about 6,500. Search took 0.11 seconds.
Searched the web for "black tuesday". Results 1 - 10 of about 13,400. Search took 0.18 seconds.

its tuesday in my books
 
IIRC, theres a black monday as well.

Look at it in terms of this. Around 260 trading days per year, figuring the market has been around for over 200 years....thats 5200 days of history. So if a bad day managed to fall on every day of the week, you could qunantify a black day for every day of the week. granted, it might not be well remembered, but it can still be said
 
Originally posted by: PsychoAndy
IIRC, theres a black monday as well.

Look at it in terms of this. Around 260 trading days per year, figuring the market has been around for over 200 years....thats 5200 days of history. So if a bad day managed to fall on every day of the week, you could qunantify a black day for every day of the week. granted, it might not be well remembered, but it can still be said
Click to expand...

Well given the question that was asked, that day was referred to as 'Black Tuesday'.
 
"Black Thursday" (October 24, 1929) was followed by "Terrifying Tuesday" (October 29, 1929). "Terrifying Tuesday" was much worse than "Black Thursday."
 
The 1987 crash was a Black Monday. The 1929 crash is called both a Black Tuesday and a Black Thursday. It was Tuesday the 29th when the Dow had its biggest loss, but Thursday the 24th is also considered the start of the crash.
 
Link

Others though had cleverly planned for the crash and kept their money out and were ready to pick up some real bargains. They got set up for even worse ruin. On Monday, October 28, 1929 the volume was huge-over 9,250,000 shares traded. The losses were great as well. But unlike Thursday, there was no dramatic recovery; it was the prelude to Black Tuesday. The most infamous day in Wall Street history.
Click to expand...

So there was a Thursday, but it wasn't when the market 'crashed' and brought us into the depression.
 
Originally posted by: Vespasian
"Black Tuesday" (October 24, 1929) was followed by "Terrifying Tuesday" (October 29, 1929). "Terrifying Tuesday" was much worse than "Black Thursday."
Click to expand...

Huh? Do you mean Thursday in the first part? I have never heard of Terrifying Tuesday either... I was always tought Black Tuesday
 
Originally posted by: MacBaine
Originally posted by: Vespasian
"Black Thursday" (October 24, 1929) was followed by "Terrifying Tuesday" (October 29, 1929). "Terrifying Tuesday" was much worse than "Black Thursday."
Click to expand...

Huh? Do you mean Thursday in the first part? I have never heard of Terrifying Tuesday either... I was always tought Black Tuesday
Click to expand...
Yes. Sorry.
 
did more searches

1929
Black Thursday
Stock prices fall sharply on October 24, Black Thursday, with record volume of nearly 13 million shares. Five days later, the market crashes on volume of over 16 million shares -- a level not to be surpassed for 39 years. In popular imagery, the crash has come to mark the beginning of the Great Depression.

1929
Black Tuesday
On September 3, the Dow Jones Industrial Average reaches its 1929 peak of 381.17.
On October 29, "Black Tuesday," prices fall sharply and the stock market "crashes." This "crash" produces a record volume of nearly 16 million shares. The Dow Jones Industrial Average falls more than 11 percent.
 
Originally posted by: Vespasian
"Black Thursday" (October 24, 1929) was followed by "Terrifying Tuesday" (October 29, 1929). "Terrifying Tuesday" was much worse than "Black Thursday."
Click to expand...

Go here and create a calendar for October 1929.

The 24th was a Thursday.

Viper GTS
 
Originally posted by: Viper GTS
Originally posted by: Vespasian
"Black Thursday" (October 24, 1929) was followed by "Terrifying Tuesday" (October 29, 1929). "Terrifying Tuesday" was much worse than "Black Thursday."
Click to expand...

Go here and create a calendar for October 1929.

The 24th was a Thursday.

Viper GTS
Click to expand...
Thank you, Master of the Obvious. 😕
 
Originally posted by: Vespasian
Originally posted by: Viper GTS
Originally posted by: Vespasian
"Black Thursday" (October 24, 1929) was followed by "Terrifying Tuesday" (October 29, 1929). "Terrifying Tuesday" was much worse than "Black Thursday."
Click to expand...

Go here and create a calendar for October 1929.

The 24th was a Thursday.

Viper GTS
Click to expand...
Thank you, Master of the Obvious. 😕
Click to expand...

I had to take a call, so it took me a while to hit the reply button.

By that time you'd fixed it.

rolleye.gif


Viper GTS
 
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