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The major event of the year for the United States was the stock market crash on Wall Street, which was to have international effects and be widely regarded as the inciting incident of the Great Depression. On September 3, the Dow Jones Industrial Average (DJIA) peaked at 381.17, a height it would not reach again until November 1954.
Timeline of United States history (1900–1929) ... Events from the year 1929 in ... A mechanical system is used to transmit 50-line color television images between ...
May–June: Second major round of U.S. bank failures and worsening economic situation contributes to permanent change in people's expectation of the economy. This run was centered on bank in Chicago, which suffered from real estate loan defaults. Of the 193 state-chartered banks in the Chicago area in 1929, only 35 would survive to the end of ...
After the Wall Street crash of 1929, when the Dow Jones Industrial Average dropped from 381 to 198 over the course of two months, optimism persisted for some time. The stock market rose in early 1930, with the Dow returning to 294 (pre-depression levels) in April 1930, before steadily declining for years, to a low of 41 in 1932.
1929 – St. Valentine's Day Massacre; March 4, 1929 – Hoover becomes the 31st president and Curtis becomes the 31st vice president. 1929 – Wall Street crash of 1929 occurs, resulting in the Great Depression.
Release in the United States of the historical film Disraeli. George Arliss plays the title rôle, for which he will be awarded the Academy Award for Best Actor , the first British winner. 10 November – Première of John Grierson 's documentary film Drifters about North Sea herring fishermen , made for the Empire Marketing Board , effectively ...
1948 – The Texaco Star Theater, starring Milton Berle, becomes the first major successful U.S. television program; The Toast of the Town also debuts 1948 – Berlin Blockade 1948 – U.S. presidential election, 1948 : Harry S. Truman is elected president for a full term, Alben W. Barkley is elected vice president
The historical film The Divine Lady, with music and sound effects but no audible dialogue, premiered at the Warner's Theatre in New York. [ 37 ] Born: Morris "Mort" Drucker , caricaturist and comics artist known for his illustrations in Mad magazine; in Brooklyn (d. 2020)