Wall Street Crash

The Wall Street Crash of 1929 was a major stock market collapse that triggered the Great Depression. Leading up to it, many people bought stocks on credit, causing prices to inflate rapidly. On October 24, known as Black Thursday, panic selling began, and the market plummeted. This loss of wealth led to widespread bank failures, unemployment, and economic hardship worldwide. The crash highlighted the risks of speculative investing and lack of financial regulation, prompting reforms to prevent such a crisis from happening again.