Stock Market Crash 1929
Unverified
Date
October 29, 1929
Type
National
Author
hjwilson1975
Event Details
On October 29, 1929, known as Black Tuesday, the U.S. stock market collapsed, with the Dow Jones Industrial Average dropping 12%. Billions of dollars in wealth were wiped out in a single day.
The crash signaled the beginning of the Great Depression, the deepest and longest-lasting economic downturn in the history of the Western industrialized world.