The Great Depression began with the Stock Market Crash of 1929, which took place on October 29, also known as Black Tuesday.

On this day, stock prices fell sharply, resulting in the loss of billions in wealth. The crash shattered public confidence in the economy, leading to bank failures, soaring unemployment, and widespread poverty. This financial disaster initiated a prolonged economic downturn that impacted millions of Americans. In response to the crisis, the government implemented measures such as the New Deal programs introduced by President Franklin D. Roosevelt, which were designed to promote economic recovery and social reform.