The correct answers for the factors contributing to the event known as Black Tuesday are:
1. Excessive speculation: This refers to investors making risky investments with borrowed money in the stock market, leading to an inflated stock market bubble that eventually burst on Black Tuesday, October 29, 1929. This speculative behavior contributed significantly to the market crash.
2. Consumerism: While consumerism was not a direct cause of Black Tuesday, the excessive spending and borrowing by consumers during the 1920s fueled economic growth and contributed to the conditions that led to the stock market crash. The collapse of consumer confidence after the crash worsened the economic downturn.
Tax cuts and prospering farmers were not factors that directly contributed to Black Tuesday. Instead, it was primarily the combination of excessive speculation and consumerism that played significant roles in the events leading up to the stock market crash in 1929.
