What date is known as Black Tuesday in the 1929 Wall Street Crash?
Answer
October 29, 1929
Black Tuesday in the 1929 Wall Street Crash was October 29, 1929.
On that day, investors traded about 16 million shares on the New York Stock Exchange, a record at the time. Prices fell sharply as panic selling intensified, following major declines on Black Thursday, October 24, and Black Monday, October 28.
The crash did not single-handedly cause the Great Depression, but it severely damaged confidence and wealth. Bank failures, falling production, reduced consumer spending, and international financial problems deepened the economic collapse that followed.
A common mix-up is treating Black Tuesday as the only crash day. The 1929 collapse unfolded over several trading sessions, and the Dow Jones Industrial Average did not reach its eventual low until July 1932.