Great Depression Begins
Unverified
Date
October 29, 1929
Type
National
Author
htristian82
Location
New York City,
New York,
United States
Categories
Economic & Business
Event Details
On October 29, 1929 (Black Tuesday), the U.S. stock market collapsed, wiping out billions in wealth. This event signaled the start of the Great Depression.
It caused worldwide economic hardship, mass unemployment, and political instability that contributed to the rise of totalitarian regimes in Europe.