What date was Black Tuesday, the most severe trading day of the 1929 Wall Street Crash?
Answer
October 29, 1929
Black Tuesday, the most severe trading 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, a record at the time. The Dow Jones Industrial Average fell roughly 12%, adding to the heavy losses recorded during the preceding week. The collapse destroyed enormous amounts of paper wealth and ended the speculative boom of the 1920s.
Black Tuesday followed Black Thursday on October 24 and Black Monday on October 28. Although these labels describe separate sessions, they form part of the same market breakdown rather than four independent crashes. The Dow continued falling after October 29 and eventually reached its low in July 1932.
The crash is closely associated with the Great Depression, but historians do not treat it as the sole cause of that worldwide economic disaster. Bank failures, falling demand, debt, deflation, and policy decisions also played major roles. The crash’s famous dates therefore mark a financial turning point, not a complete explanation of the Depression.