The Stock Market Crash occurred in 1929 and is widely recognized as the catalyst for the Great Depression. The crash, which happened in late October, saw the rapid decline of stock prices on the New York Stock Exchange, leading to financial panic and widespread economic hardship. It resulted not only in massive losses for investors but also contributed to bank failures and high unemployment rates across the United States and elsewhere. The Great Depression, which followed, lasted throughout the 1930s, significantly impacting global economies and leading to changes in economic policies and government interventions.