The Wall Street Crash of 1929, also known as Black Tuesday on October 29th was the most devestating stock market crash in the history of the United States.

Black Tuesday signalled the beginning of the 12-year Great Depression that affected all Western industrialized countries.

The term Great Depression is commonly used as an example of how far the World‘s economy can decline.

The Great Depression had devastating effects in countries both rich and poor. The economy produced more than it consumed, because consumers did not have enough income.

Thus the inequality of wealth throughout the 1920s caused the Great Depression.

The Great Depression started in the United States after a major fall in stock prices that began around September 4, 1929.

The market crash marked the beginning of a decade of unemployment, poverty, low profits, deflation, plunging farm incomes, and a lot of people had to live lterally on the Nickel.