On this day, October 29, in 1929

"Black Tuesday" also known as the Wall Street crash of 1929 occurred, devastating the stock market and causing widespread economic panic throughout America. Although there is debate about whether the Crash of '29 was a result of the Great Depression or a cause, it is definitely agreed that it was one of the most devastating stock market crashes in American History. The quick drop in stock prices caused bankruptcies and severe financial difficulties for businesses; the result was mass unemployment and quickly deteriorating living conditions for the American working class, which happens to be a majority of the American population.