---
title: "Stock Market Crash and Great Depression"
year: 1929
country: "United States"
canonical: "https://recap.at/1929/stock-market-crash-1929"
slug: "stock-market-crash-1929"
recapType: "global_event"
startDate: "1929-01-01"
---

# Stock Market Crash and Great Depression

> The Wall Street collapse on Black Tuesday triggered a global economic catastrophe that bankrupted millions, ended the 1920s prosperity, and reshaped political landscapes worldwide.

On October 29, 1929, the U.S. stock market collapsed in a single day of panic selling that erased billions in wealth. The crash exposed years of rampant speculation and overleveraged investments, triggering the Great Depression—a economic catastrophe that would devastate millions of Americans for the next decade.

## Summary

A stock market crash is a sudden dramatic decline of stock prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic selling and underlying economic factors. They often follow speculation and economic bubbles.

## Sources

- [Stock market crash](https://en.wikipedia.org/wiki/Stock_market_crash) - Wikipedia

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Canonical: https://recap.at/1929/stock-market-crash-1929