The event in 1929 that is widely credited with triggering the Great Depression was the stock market crash that took place in October of that year. The crash began on October 24, 1929, known as Black Thursday, and worsened over the following days, culminating in massive sell-offs. This financial collapse shattered investor confidence, led to the loss of vast amounts of wealth, and set off a chain reaction of bank failures, reduced consumer spending, and massive unemployment. The economic downturn that followed was deep and prolonged, marking the beginning of the Great Depression, which lasted throughout the 1930s.
What event in 1929 led to the great depression
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