Which off the following describes what happened on black Tuesday?

Black Tuesday, which occurred on October 29, 1929, marks the day when the U.S. Stock Market crashed, leading to a devastating financial collapse. It followed a period of rampant speculation and inflated stock prices, ultimately resulting in a panic sell-off. This event is often cited as the beginning of the Great Depression, significantly impacting the global economy and leading to widespread unemployment and hardship. The aftermath prompted changes in financial regulations and economic policies in an effort to prevent future crashes.