The Wall Street Crash...?

Question

Did it occur on October 24 (Black Thursday) or October 29 (Black Tuesday)?

Answer 1

October 29,1929 was when Wall St. crashed but it was set up with the massive panic that ensued after the great selloff on October 24,1929 or Black Thursday

Answer 2

The Wall Street Crash of 1929 or The Great Crash was one of the most devastating stock-market crashes in American history. The crash marked the beginning of widespread and long-lasting consequences for the United States. Though economists and historians disagree on exactly what role the crash played in the ensuing economic fallout it is widely regarded as the start of the Great Depression. The crash was also the impetus for important financial reforms and trading regulations.

At the time of the crash, New York City had grown to be a major financial capital and metropolis. The New York Stock Exchange (NYSE) was the largest stock market in the world. The roaring twenties were a time of prosperity and excess in the city, and, despite warnings of speculation, many believed that the market could sustain high price levels. In the words of Irving Fisher, "Stock prices have reached what looks like a permanently high plateau." The euphoria and financial gains of that great bull market were shattered on 29 October 1929, Black Tuesday, when share prices on the NYSE collapsed. Stock prices fell on that day and they continued to fall, at an unprecedented rate, for a full month.

In days leading up to Black Tuesday the market was unstable. Periods of panic selling and high volumes of trading were interspersed with brief periods of rising prices and recovery. After the crash the Dow Jones Industrial Average (DJIA) recovered early in 1930, only to reverse again, reaching the nadir of the great bear market in 1932. The market did not return to pre-1929 levels until late 1954,[1]and was lower at its July 8, 1932 trough than it had been since the 1800s. [2]