In October 1929, the New York stock market collapsed within a matter of days, wiping out fortunes and shaking confidence in the financial system.In October 1929, the New York stock market collapsed within a matter of days, wiping out fortunes and shaking confidence in the financial system. This book examines how a decade of speculative excess, weak regulatory oversight, and misguided policy responses turned a market correction into a prolonged economic crisis affecting nations far beyond the United States. This is an AI-generated book that draws on historical records and established economic analysis to walk you through the events leading up to the crash, the panic that followed, and the political and institutional failures that deepened the downturn into the Great Depression. You will learn about the roles played by banks, the Federal Reserve, and government policy, as well as the human and social consequences that unfolded across the following decade. Written for readers seeking a clear, factual account, this book offers context for understanding one of the most consequential economic events of the twentieth century.In October 1929, the New York stock market collapsed within a matter of days, wiping out fortunes and shaking confidence in the financial system. This book examines how a decade of speculative excess, weak regulatory oversight, and misguided policy responses turned a market correction into a prolonged economic crisis affecting nations far beyond the United States. This is an AI-generated book that draws on historical records and established economic analysis to walk you through the events leading up to the crash, the panic that followed, and the political and institutional failures that deepened the downturn into the Great Depression. You will learn about the roles played by banks, the Federal Reserve, and government policy, as well as the human and social consequences that unfolded across the following decade. Written for readers seeking a clear, factual account, this book offers context for understanding one of the most consequential economic events of the twentieth century.