Great Crash

(redirected from Stock Market Crash of October 1929)

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.
References in periodicals archive ?
The stock market crash of October 1929 had immense consequences for the country and the world.
Since the catastrophic stock market crash of October 1929 and the resulting Great Depression, economists and policymakers have been extremely interested in the behavior of financial asset prices.