The Wall Street Crash of 1929, also known as the Crash of ’29, was one of the most devastating stock market crashes in American history—probably the very worst, taking into consideration the full scope and longevity of its fallout. Two catchphrases, “Black Thursday” and “Black Tuesday,” evoke this collapse of stock values. Both are authentic, for the crash was no one-day affair. The initial crash occurred on Black Thursday (October 24, 1929), but it was the catastrophic downturn of Black Tuesday (October 29, 1929) five days later that precipitated widespread panic and the onset of unprecedented and long-lasting consequences for the United States. The collapse continued for a month. Economists and historians disagree as to what role the crash played in subsequent economic, social, and political events. Some consider it to be the beginning of the Great Depression, but most believe it was just one symptom.

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