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English definition of “Black Tuesday”

Black Tuesday

noun
 
 
ECONOMICS, FINANCE, STOCK MARKET
Tuesday, October 29, 1929, when the price of shares on the New York Stock Exchange reached its lowest level and the period called the Great Depression began: The stock market collapse which culminated in Black Tuesday on Oct. 29, shattered illusions about unending wealth and the ease of speculation. → Compare Black Monday, Black Thursday, Black Wednesday, Wall Street Crash
(Definition of Black Tuesday from the Cambridge Business English Dictionary © Cambridge University Press)
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