Answer:
The stock market crash of 1929 is known as a "crash" due to the sudden and dramatic decline in stock prices that occurred on October 29th, 1929. On this day, also known as "Black Tuesday," the Dow Jones Industrial Average fell by 12%, and investors lost billions of dollars. The term "crash" is used to describe the rapid and severe decline in stock prices, which was unprecedented at the time.
To put it simply, the stock market crash of 1929 was labeled as a "crash" because it was a sudden and severe drop in stock prices, which led to widespread financial losses for investors. The term "crash" is often used to describe a sudden and significant decline in the value of a market or asset, and this event was no exception. The impact of the crash was felt for years, leading to a period of economic hardship and the Great Depression.