Which U.S. stock-market crash followed the 1929 peak and included the Dow Jones Industrial Average’s 1932 low?

The Wall Street Crash of 1929 was followed by the Dow Jones Industrial Average’s low in 1932.

The crash began after years of rising share prices and widespread speculation in the United States. Trading became exceptionally volatile in late October 1929, with major selling sessions on October 24, October 28, and October 29. The collapse damaged confidence, but the broader bear market continued for several years.

The Dow reached its pre-crash closing peak of 381.17 on September 3, 1929, then fell to 41.22 on July 8, 1932. That decline was part of the wider economic breakdown associated with the Great Depression. The crash itself did not single-handedly cause every feature of the Depression; bank failures, falling demand, debt, and policy responses also mattered.

A common mix-up is treating October 1929 as the entire market decline. In reality, the most severe losses extended well beyond the famous October sessions.