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The 1929 stock market crash, also known as Black Thursday, triggered the Great Depression. Various factors contributed to the crash, including overproduction, high levels of speculation, and a lack of regulation in the stock market. The crash had a devastating impact on the global economy, leading to widespread unemployment, bank failures, and economic hardship. Some have compared the economic conditions of 2024 to those of 1929, raising concerns about potential market instability and a revisiting of historical economic downturns.

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