What date is commonly called Black Thursday in the 1929 Wall Street Crash?
Answer
October 24, 1929
October 24, 1929, is commonly called Black Thursday in the Wall Street Crash of 1929.
On that Thursday, panic selling produced exceptionally heavy trading on the New York Stock Exchange. A group of major bankers bought shares to stabilize prices, and the market temporarily recovered, but confidence remained badly damaged.
The crash continued on Black Monday, October 28, and Black Tuesday, October 29. The Dow Jones Industrial Average fell sharply across those sessions, ending the speculative boom that had driven share prices to unsustainable levels.
The crash did not by itself cause the entire Great Depression, but it became its most famous financial symbol. Bank failures, falling production, debt problems, and policy mistakes deepened the economic crisis in the following years. Black Thursday is sometimes confused with Black Tuesday, the later session that fixed the crash in public memory.