Events with tag - Wall Street

October 29, 1929

Great Depression Begins

The Great Depression began with Black Tuesday on October 29, 1929, when the stock market crashed, leading to the most severe economic downturn in modern history. The crisis spread globally, causing widespread unemployment, mass poverty, and profound social changes that would reshape society for decades.

June 16, 1933

Glass-Steagall Act

The Glass-Steagall Act of 1933 was a groundbreaking financial regulation that separated commercial and investment banking in response to the 1929 stock market crash. It established the FDIC and remained in effect until 1999.

June 6, 1934

SEC Establishment

President Franklin D. Roosevelt established the Securities and Exchange Commission (SEC) by signing the Securities Exchange Act into law, creating the first federal regulatory agency for securities markets in response to the 1929 stock market crash.