The Wall Street Crash occurred in 1929, specifically on October 29, known as Black Tuesday. This event marked the beginning of the Great Depression, a severe worldwide economic downturn that lasted throughout the 1930s. The crash was characterized by a dramatic decline in stock prices, leading to widespread financial panic. Many investors lost their savings, businesses failed, and unemployment surged. The economic consequences were felt across the globe, altering economic policies and leading to significant changes in banking and financial regulations, as governments sought to stabilize their economies.