October 24, 1929, became known as Black Thursday during the Wall Street Crash. On that day, heavy selling sent prices sharply lower on the New York Stock Exchange and created widespread panic.
The market had risen dramatically during the 1920s, supported by speculation, buying on margin, and optimism about economic growth. By autumn 1929, prices had begun to weaken, and the intense selling on October 24 marked one of the crisis’s most famous sessions.
A group of leading bankers bought shares in an effort to restore confidence, and prices temporarily recovered. That intervention did not end the downturn. Selling returned with even greater force on October 28, known as Black Monday, and October 29, known as Black Tuesday.
Black Thursday is therefore not the same as the crash’s final dramatic day. October 24 was the first major panic session, while the market continued falling through the following week and remained depressed for years.