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Today in History: Black Thursday: Stock Market Plummets 11 Percent

10/24/2025

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Summary

Story summary

On October 24, 1929, known as "Black Thursday," the New York Stock Exchange plummeted by 11% at the opening bell, with a record 12.9 million shares traded. This catastrophic event eroded confidence in the banking system and marked the onset of the Great Depression, a global economic crisis that lasted until 1939.

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Story summary

On October 24, 1929, known as "Black Thursday," the New York Stock Exchange plummeted by 11% at the opening bell, with a record 12.9 million shares traded. This catastrophic event eroded confidence in the banking system and marked the onset of the Great Depression, a global economic crisis that lasted until 1939.