‘Black Tuesday’ of my screenplay

Black Tuesday occurred on October 29,1929 which is a vital component that I envision in my screenplay. Prior to the stock market crash, Americans were in a progressive era with great economic prosperity. However, there was great speculation of the ‘bull’ market at the ti me. Hence, Black Tuesday brought an end to the economic prosperity since many investors bought stocks on margin.  Havoc and depression erupted on Black Tuesday in NYC along with the rest of the country as people lost their nearly everything in their portfolios. Although Black Tuesday was not the sole cause for the Great Depression.  banks and businesses began to close and consumer spending drastically declined consequently, which became factors leading to the Great Depression. After the stock market crash, people became frantic about selling the remainder  of their portfolios and rushed to withdraw money out of the banks and it didn’t take long for the economy to go  into a recession. Therefore, I’d like the audience to understand the significance of the day Black Tuesday and the changes it caused subsequently in American history.

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