The major economic crash that occurred in 1929, leading to the Great Depression, is known as the Wall Street Crash. On October 29, 1929, famously referred to as Black Tuesday, stock prices plummeted, and panic selling ensued as investors lost confidence in the market. This crash resulted in significant financial losses and contributed to widespread unemployment and economic hardship throughout the 1930s. Banks failed, businesses closed, and personal savings were wiped out, leading to severe social consequences. The Great Depression had lasting effects on global economies and prompted government intervention and reforms aimed at stabilizing markets and mitigating future crises.