1929

The year 1929 is best known for the Stock Market Crash in October, which marked the beginning of the Great Depression, a severe worldwide economic downturn. This crash followed a period of speculative economic growth in the late 1920s. Many investors lost their fortunes as stock prices plummeted. Banks failed, businesses shuttered, and unemployment soared. The crash revealed vulnerabilities in the economy and prompted changes in financial regulations. The effects were felt globally, leading to widespread hardship and lasting impacts on economies and societies throughout the 1930s and beyond.