Which date is known as Black Tuesday, the key final plunge of the 1929 Wall Street crash?

Black Tuesday, the key final plunge 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. Prices fell sharply after several days of intense selling, following the market’s speculative rise during the 1920s.

Black Tuesday is part of a sequence of important dates. Black Thursday came on October 24, Black Monday on October 28, and Black Tuesday on October 29. The market continued to experience major declines afterward and did not reach its ultimate low until 1932.

The crash did not by itself cause every feature of the Great Depression, but it damaged confidence, reduced wealth, and contributed to falling investment and consumption. Margin buying also worsened losses because investors had borrowed money to purchase shares.