Stock Market Crash of 1929

The Stock Market Crash of 1929 was a significant decline in stock prices that occurred in late October 1929, marking the beginning of the Great Depression. Triggered by excessive speculation, over-leveraging, and economic instability, investors lost confidence, leading to mass sell-offs. On October 24, known as Black Thursday, panic set in as prices plummeted, and by the end of October, billions of dollars were wiped out. The crash caused widespread financial hardship, bank failures, and high unemployment, profoundly impacting the global economy and leading to major reforms in financial practices.