Definition of Black Thursday:
Black Thursday may also refer to early holiday shopping occurring Thursday evening following Thanksgiving dinner, and preceding "Black Friday" shopping.
October 24, 1929, the day that marked the start of the stock market Crash of 1929. See Black Tuesday.
Black Thursday is the name given to Thursday, October 24, 1929, when panicked investors sent the Dow Jones Industrial Average plunging 11% at the open in very heavy volume. Black Thursday began the Wall Street crash of 1929, which lasted until October 29, 1929.
How to use Black Thursday in a sentence?
- The day caused such a domino effect of selling that the index fell nearly 90%, and wasn't able to recover for almost 25 years.
- Black Thursday was the day where the DOW dropped, but in reality, it was the inciting event, triggering a painful sell-off that lasted years, bankrupting investors across all levels of wealth.
- Black Thursday can refer to two dates but is more commonly used to describe the day the DOW plummeted in 1929, causing the Great Depression.
Meaning of Black Thursday & Black Thursday Definition