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Black Thursday

   Also found in: Wikipedia, Hutchinson 0.06 sec.
Black Thursday
The name given to Thursday, October 24th, 1929, when the New York Stock Exchange plummeted, leading to the Great Depression of the 1930's.

Notes:
As a result of this day, the Securities Act of 1933 and the Securities Exchange Act of 1934 were formed in order to increase market regulation in hopes of preventing future catastrophic events.

Black Thursday
A widely used reference to October 24, 1929, the date on which security prices plunged, producing one of the most memorable days in the history of the New York Stock Exchange. During that Thursday afternoon, Richard Whitney, who was then vice president of the exchange, went to the floor with large buy orders in a successful attempt to stem the decline. Unfortunately, his success was short-lived.
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