What happened after Black Tuesday?

After Black Tuesday, which occurred on October 29, 1929, the Stock Market crash triggered a severe economic downturn known as the Great Depression. Many banks failed, leading to widespread unemployment and loss of savings. Businesses closed, consumer spending plummeted, and global trade declined sharply. The economic turmoil persisted throughout the 1930s, prompting significant government intervention and reforms, including the New Deal in the United States.