What happened on October 23 1929?

On October 23, 1929, the Stock Market began to experience significant declines, marking the onset of a major downturn that would lead to the Great Depression. This day is often seen as a precursor to the catastrophic stock market crash that occurred the following week, particularly on Black Tuesday, October 29, 1929. Investors began to lose confidence, leading to panic selling and a rapidly declining market. The events of this period had profound economic and social repercussions for the United States and the world.