What date marked Black Tuesday, the most infamous day of the 1929 Wall Street Crash?
Answer
October 29, 1929
Black Tuesday, the most infamous day of the 1929 Wall Street Crash, occurred on October 29, 1929.
On that day, about 16 million shares changed hands on the New York Stock Exchange, setting a trading-volume record that stood for decades. Prices collapsed as investors rushed to sell, following major declines on Black Thursday, October 24, and Black Monday, October 28.
The crash followed a long period of heavy speculation, widespread buying on margin, and rapid expansion in stock prices during the 1920s. The collapse did not single-handedly cause the Great Depression, but it severely damaged confidence and helped intensify the economic downturn.
A common mix-up is treating Black Tuesday as the entire crash. It was the sharpest symbolic day in a broader sequence of market failures that continued into 1932, when the Dow Jones Industrial Average reached its Depression-era low.