The October 24, 1929 session of the Wall Street Crash is commonly called Black Thursday.
On that Thursday, panic selling produced exceptionally heavy trading on the New York Stock Exchange. Prices fell sharply in the morning, and a group of leading bankers later announced a pool intended to support major stocks and restore confidence.
The intervention temporarily stabilized prices, but it did not end the bear market. Selling intensified again on the following Monday and Tuesday, with October 29 becoming the crash’s most famous session.
Black Thursday is often confused with Black Tuesday because both names belong to the same 1929 collapse. The crash was not caused by one event alone: speculation, margin buying, weakening economic conditions, and fragile confidence all contributed.