Which date is known as Black Thursday in the 1929 Wall Street crash sequence?
Answer
October 24, 1929
October 24, 1929, is known as Black Thursday in the 1929 Wall Street crash sequence.
On that Thursday, heavy selling caused severe turmoil on the New York Stock Exchange. The Dow Jones Industrial Average fell sharply, although a group of prominent bankers bought shares in an effort to restore confidence and stabilize prices. The intervention produced a temporary recovery, but it did not end the underlying market weakness.
Selling returned the following week. October 28 became Black Monday, and October 29 became Black Tuesday, when the Dow suffered another major collapse. The crash continued beyond those named days, and the Dow eventually reached a much lower point in 1932.
Black Thursday is often confused with Black Tuesday because both belong to the same 1929 sequence. The Thursday label specifically refers to October 24, the first major panic day in the commonly remembered late-October chronology.