Great Crash

(redirected from Crash of 29)

Great Crash

1. Three trading days where the New York Stock Exchange lost a significant amount of value very quickly. The Great Crash presaged the Great Depression, though it had already started in some areas. See also: Black Thursday, Black Monday, Black Tuesday.

2. An alternative (and slightly inaccurate) term for the Great Depression.

Great Crash

The major declines in economic activity and stock prices that occurred in 1929 and the early 1930s.