October 29, 1929

Stock Market Crash Heralds Great Depression

Region:
Western

On this day in 1929, stock markets in Boston, New York, and other major American cities tumbled so dramatically that the day was named Black Tuesday. Capping five days of frenzied panic selling, Black Tuesday marked the beginning of the nation's — and the state's — slide into the Great Depression. By 1934, Massachusetts cities that had once been prosperous centers of textile, shoe, and garment manufacturing were places of desperation. Unemployed workers wandered barefoot outside of shoe factories that had failed. Soup kitchens and bread lines offered food to the starving, but at a high cost to their self-esteem. A Washington relief worker wrote to her boss that "the picture is so grim that whatever words I use will seem hysterical and exaggerated."

Related Moments

Mass Moments is a project of Mass Humanities, whose mission is to support programs that use history, literature, philosophy, and the other humanities disciplines to enhance and improve civic life throughout the Commonwealth.

Please consider helping us towards our goals with a donation today.

Interested in sponsoring Mass Moments?

What is the sum of 2 and 8?
An Error Occurred: Internal Server Error

Oops! An Error Occurred

The server returned a "500 Internal Server Error".

Something is broken. Please let us know what you were doing when this error occurred. We will fix it as soon as possible. Sorry for any inconvenience caused.