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The Dow Jones Industrial Average, 1928–1930. The "Roaring Twenties", the decade following World War I that led to the crash, [4] was a time of wealth and excess.Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with hopes of finding a more prosperous life in the ever-growing expansion of America's industrial sector.
The Wall Street Crash of 1929 is often cited as the beginning of the Great Depression. It began on October 24, 1929, and kept going down until March 1933. It was the longest and most devastating stock market crash in the history of the United States.
Wall Street crash of 1929 This page was last edited on 22 December 2024, at 10:00 (UTC). Text is available under the Creative Commons Attribution ...
However, the mini-crash was averted two days later when National City Bank pumped $25 million in credit into the stock market. Summer: Consumer spending and industrial production begin to stagnate. The Federal Reserve continues with its plan to raise interest rates from 4% in mid-1928 to 6% by mid-1929 in an attempt to combat speculative behavior.
October 14 – The Philadelphia Athletics defeat the Chicago Cubs, 4 games to 1, to win their 4th World Series Title. October 24–29 – Wall Street crash of 1929: Three multi-digit percentage drops wipe out more than $30 billion from the New York Stock Exchange (10 times greater than the annual budget of the federal government).
San Francisco City Hall is the seat of government for the City and County of San Francisco, California. Re-opened in 1915 in its open space area in the city's Civic Center , it is a Beaux-Arts monument to the City Beautiful movement that epitomized the high-minded American Renaissance of the 1880s to 1917.
CHICAGO — The names of four fallen officers, including one who died more than 100 years ago, were added Wednesday to the memorial wall at Gold Star Families Memorial and Park, just east of ...
Pantages testifying during his first trial, 1929. In the midst of the Wall Street crash of 1929, Pantages was arrested and charged with the rape of 17-year-old California-born Eunice Pringle. Pringle, an aspiring vaudeville dancer, alleged that Pantages had attacked her in a small side-office of his downtown Los Angeles theater after she came ...