What event happen on October 29 of 1929 called black Tuesday?

Black Tuesday, which occurred on October 29, 1929, marks the day the U.S. Stock Market crashed, leading to a significant financial panic. This event signaled the beginning of the Great Depression, as stock prices plummeted, wiping out millions of investors and severely impacting the economy. The crash was exacerbated by rampant speculation and a lack of regulation in the financial markets. Its repercussions were felt worldwide, leading to widespread unemployment and economic hardship.