On this date in 1929, Black Tuesday on Wall Street marked the start of the Great Depression.
Or, as we are about to call that one: “Great Depression I.”
As the Scotsman in Edinburgh recalls it in its “Fact of the Day”:
This day in 1929 was known is “Black Tuesday” — so-called when Wall Street crashed, leading to the Great Depression. Shares had begun to slide dramatically on “Black Thursday” (24 October) and the fall only ended on 2 July 1932, by which time the Dow Jones Industrial Index average had dipped almost 90 per cent.
Check out all the facts, figures, and timelines at America’s Great Depression.