Black Tuesday

Black Tuesday refers to October 29, 1929, when stock markets in the United States experienced a catastrophic crash. On this day, widespread panic led investors to sell off their stocks rapidly, causing prices to plummet. This event marked the beginning of the Great Depression, a severe economic downturn that affected millions worldwide. The crash was driven by excessive speculation, margin trading, and underlying economic weaknesses, leading to a loss of confidence in the financial system and triggering years of economic hardship.