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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 the United States. Incumbents ... Major League Baseball outfielder (d.
23 January – The Lancashire Cotton Corporation is set up by the Bank of England to rescue the Lancashire cotton milling industry by means of horizontal integration.; 18 March – An underground fire at Coombs Wood colliery near Halesowen kills 8 miners, the last major disaster in the Black Country coalfield.
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.
1928 and 1929 were the times in the 20th century that the wealth gap reached such skewed extremes; [243] half the unemployed had been out of work for over six months, something that was not repeated until the late-2000s recession. 2007 and 2008 eventually saw the world reach new levels of wealth gap inequality that rivalled the years of 1928 ...
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.
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 ...
June 6 – 1929 Saskatchewan election: James Garfield Gardiner's Liberals win a plurality, but the other parties, led by James T.M. Anderson's Conservatives, will form a coalition against Gardiner, forcing him to resign as premier