1929 Crash

The 1929 Crash, also known as Black Tuesday, was a sudden and severe stock market collapse that marked the beginning of the Great Depression. Leading up to it, stock prices had soared rapidly, driven by speculation and borrowed money. On October 29, 1929, panic selling caused stock prices to plummet, wiping out billions of dollars in wealth quickly. This loss undermined confidence in the economy, leading businesses to cut back, unemployment to rise, and widespread financial hardship. The crash exposed vulnerabilities in the financial system and had long-lasting economic repercussions worldwide.