📉 The Stock Market Collapse That Sparked the Great Depression
The Wall Street Crash of 1929 remains one of the most devastating financial events in history, marking the beginning of the Great Depression. In just a few days, billions of dollars vanished, leaving investors, businesses, and ordinary citizens in financial ruin.
✔️ Stock prices plummeted, wiping out fortunes overnight.
✔️ Banks failed, unable to recover from the sudden collapse.
✔️ Unemployment skyrocketed, leading to widespread poverty.
This wasn’t just a market crash—it was the beginning of a decade-long economic nightmare.
💰 The Build-Up – How Did It Happen?
🚨 Speculative investing soared, with people buying stocks on margin.
🚨 Banks lent recklessly, fueling an unsustainable bubble.
🚨 Economic warning signs were ignored, as optimism blinded investors.
For years, the stock market seemed unstoppable—until reality struck.
🔥 The Crash – The Breaking Point
✔️ On October 24, 1929 (Black Thursday), panic selling began.
✔️ October 29 (Black Tuesday) saw the worst single-day market collapse in history.
✔️ Banks and businesses failed, triggering a global economic downturn.
The financial world watched in horror, as the economy spiraled out of control.
⚖️ The Fallout – The Great Depression Begins
🚨 Millions lost their jobs, as businesses shut down.
🚨 The U.S. government introduced financial reforms, including the Securities Act.
🚨 The global economy suffered, leading to years of hardship.
The Wall Street Crash of 1929 wasn’t just a financial disaster—it was a turning point that reshaped economic policies worldwide.