What year did the Wall Street Crash occur, leading to the Great Depression? 🔊
The Wall Street Crash, which marked the beginning of the Great Depression, occurred in 1929, specifically from October 24 (known as Black Thursday) and culminated on October 29, 1929 (Black Tuesday). This catastrophic event saw a steep decline in stock prices, leading to widespread panic and a loss of confidence in the financial system. Investors rapidly sold off their stocks as prices plummeted, resulting in massive financial losses and the failures of numerous banks and businesses. The aftermath of the crash had far-reaching economic implications, contributing to unemployment, poverty, and widespread hardship throughout the United States and eventually globally.
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