Stock market crash of 1929 - Financial definition
Concise definition of the term stock market crash of 1929
The stock market crash of 1929 refers to the sudden and severe decline in stock prices on the New York Stock Exchange in October 1929, marking the start of the Great Depression.
Comprehensive definition of the term stock market crash of 1929
The stock market crash of 1929, also known as Black Tuesday, was a catastrophic event in financial history, precipitated by a combination of factors including speculative excess, overleveraging, and lack of government regulation. The crash wiped out billions of dollars in market value, leading to widespread panic selling, bank failures, and economic turmoil. It serves as a stark reminder of the dangers of speculative bubbles and the importance of regulatory oversight in financial markets.