1929 Stock Market Crash

The 1929 Stock Market Crash was a severe financial downturn that began in late October 1929, marking the start of the Great Depression. Over the 1920s, stock prices soared due to speculation and investment, creating an unsustainable market bubble. On October 24, known as Black Thursday, panic selling began, leading to a massive drop in stock prices. By late October, billions in wealth vanished, leading to bank failures, business closures, and widespread unemployment. The crash highlighted the dangers of speculative investing and poor financial regulation, ultimately prompting significant changes in economic policy and financial oversight in the United States.