Meaning of “Black Tuesday” in the English Dictionary

business-english dictionary

"Black Tuesday" in Business English

See all translations

Black Tuesdaynoun

uk us ECONOMICS, FINANCE, STOCK MARKET

Tuesday, October 29, 1929, when the price of shares on the New York Stock Exchange reached its lowest level and the period called the Great Depression began:

The stock market collapse which culminated in Black Tuesday on Oct. 29, shattered illusions about unending wealth and the ease of speculation.

(Definition of “Black Tuesday” from the Cambridge Business English Dictionary © Cambridge University Press)