Date: October 19, 1929
Market Crash Signals Depression
The selling of stocks on the New York Stock Exchange accelerated, leading to panic selling and tumbling prices. By Black Thursday, October 24, the economic boom of the 1920s was in ruins. The panic had a severe effect on Canada, particularly in the western provinces where the collapse in wheat prices triggered a downward spiral in the economy.	Winnipeg Grain Exchange, which was thrown into panic by falling wheat prices in 1929.