Black Thursday

Black Thursday refers to October 24, 1929, when stock prices on the New York Stock Exchange suddenly plummeted, triggering a massive sell-off. This event marked the beginning of the Great Depression, a severe economic downturn. The crash led to widespread financial panic, causing many investors to lose their savings, businesses to close, and millions of people to become unemployed. It was a pivotal moment that highlighted the dangers of speculative investing and overly optimistic market behavior, emphasizing the importance of financial regulation and prudent investment practices.