Definition - What does Closing Date mean? The closing date refers to the date when a company purchase and sale transaction is signed off and completed. This date may be different than the effective date, which is the date when the transaction is deemed to have occurred. Most of the time, the closing and effective date of a transaction is the same day.
The most catastrophic stock market crash in the history of the United States, Black Tuesday took place on October 29, 1929 and was when the price of stocks completely collapsed. It was because of this day that the Roaring Twenties came to a stumbling halt and, in its place, was the Great Depression.
Black Tuesday. October 29th, 1929: the day when prices in the stock market took a steep dive, plunging over $10 million dollars. Herbert Hoover. was the president of the u.s from 1923-1933 leader of the us in the beginning of the great depression.