Black Thursday is associated with[[1]].

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Detailed Solution

Black Thursday is associated with the Great depression. The worst and most prolonged economic downturn or recession in modern history is the Great Depression. The USA was where it all began. Following that, it had a ripple impact on all the world's economies.
According to the narrative, the October 1929 US stock market crash marked the beginning of the Great Depression. The stock market fell on October 24, 1929, also referred to as "Black Thursday" in American history.
Wall Street investors panicked due to the stock market meltdown, wiping nearly $30 billion from the market. As a result, other critical financial organisations, including banks, collapsed.
An estimated 5000 banks reportedly failed as a result of this.

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