Black Thursday: Panic on Wall Street
On October 24, 1929, selling intensified on the New York Stock Exchange.
Published · Updated · 1 min read
A Day of Heavy Selling
On October 24, 1929, selling intensified on the New York Stock Exchange. Black Thursday became one of the defining dates in the market collapse.
Information Fell Behind
Ticker systems struggled to keep pace with transactions. Investors faced not only declining prices but uncertainty about how far the market had already moved.
Attempts to Restore Confidence
Prominent financial interests attempted to steady the market. The existence of an intervention did not mean the wider crisis had been resolved.
Not the Only Crash Day
Severe declines followed on October 28 and October 29. Assigning the entire collapse to Thursday erases the sequence of pressure and renewed selling.
Markets and the Depression
The crash belongs within the history of the Great Depression, but a multiyear economic disaster cannot be explained by a single trading session alone.
Sources
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