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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.
Charles Edwin Mitchell (October 6, 1877 – December 14, 1955) was an American banker whose incautious securities policies facilitated the speculation which led to the Crash of 1929. First National City Bank's (now Citibank ) controversial activities under his leadership were a major contributing factor in the passage of the Glass-Steagall Act .
[2] 386 thumbnail maps of neighborhoods and municipalities are complemented by 400 black-and-white photographs plus hundreds of color photographs and thematic maps. [ 2 ] [ 3 ] There are separate lengthy interpretive essays woven into the alphabetical section on topics such as the built environment, literary images of Chicago, and the city's ...
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.
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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 ...
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 ...