What year did the stock market crash, signaling the start of the Great Depression? 🔊
The stock market crashed on October 29, 1929, a pivotal moment that signaled the start of the Great Depression. Known as Black Tuesday, the crash was characterized by panic selling and a devastating loss of wealth, with stock prices plummeting. This financial collapse eroded public confidence in the economy and resulted in widespread unemployment, business failures, and bank closures. The repercussions of the stock market crash were felt across the globe, leading to severe economic hardship. It highlighted vulnerabilities within the financial system and prompted government intervention strategies, shaping economic policy for decades to come.
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