What year did the stock market crash, leading to widespread economic hardship during the Great Depression? 🔊
The year the stock market crashed, leading to widespread economic hardship during the Great Depression, is 1929. The Wall Street Crash on October 29, known as Black Tuesday, marked the beginning of a severe economic crisis. This event led to massive unemployment, bank failures, and falling consumer confidence, prolonging economic struggles throughout the 1930s. The ramifications altered fiscal and monetary policies, shaping modern economics and government interventions designed to prevent future depressions.
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