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What was the Wall Street Crash of 1929?

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Quick answer

The Wall Street Crash of 1929 was a sudden, severe collapse in US stock prices that wiped out fortunes in days. It shattered confidence, triggered bank failures, and helped tip the world into the Great Depression of the 1930s. US stock prices collapsed in October 1929.

Key things to understand

  1. US stock prices collapsed in October 1929.
  2. It followed a speculative bubble fueled by borrowing.
  3. It destroyed wealth and confidence almost overnight.
  4. It helped trigger the Great Depression.

People also ask

What was the Wall Street Crash of 1929?
A sudden, catastrophic fall in US stock prices that erased huge wealth and helped spark the Great Depression.
What caused the 1929 crash?
A speculative bubble inflated by easy credit burst, triggering panic selling.
What happened after the crash?
Banks failed, unemployment soared, and the world slid into the decade-long Great Depression.