Are you saying that poor peasant led to the Great Depression? I thought runaway speculation did...
No one really knows the exact trigger, but a popular opinion seems to be that the Smoot–Hawley Tariff Act made it worse -although even that is debated.
The stock market crash lead to margin calls and the sudden evaporation of millions of dollars of wealth and that probably triggered a cascade effect, as business obligations could not be met due to the sudden loss of wealth.
One-day crashes make headlines but aren't that damaging to the underlying economy unless it's already very brittle.