The Dow Jones Industrial Average went down 416 points on Tuesday. Explain what happened. Why did the Dow go down?
Over the weekend, Chinese Investors began to sell their stocks because they were concerned that the government would increase interest rates. So they had a huge sell-off. Stocks fell off in Asia, Europe, and Shanghai.
This crash is similar to other crashes such as The Great Depression because it was all caused by sell-offs.
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