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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.
October 24: Wall Street Crash of 1929 begins. Stocks lose over 11% of their value upon the opening bell. October 25–27: Brief recovery on the market. October 29: 'Black Tuesday'. The New York Stock Exchange collapses, the Dow Jones closing down over 12%. October 30: one day recovery
24 October 1929, start of the Wall Street crash of 1929. [3] 14 October 1943, when the USAAF suffered large losses during bombing in the second Schweinfurt raid during World War II [4] 12 April 1951, during the Korean War, when 25% of the Far East Air Force B-29 bombing force were damaged or destroyed by Soviet MiG-15s in MiG Alley.
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.
October 24–29: The Wall Street Crash of 1929, the beginning of the Great Depression. October 3 – The country officially known as the Kingdom of Serbs, Croats and Slovenes changes its name to Kingdom of Yugoslavia. October 6 – Serie A, the top-class professional football league of Italy, replaces the Divisione Nazionale. [citation needed]
Following the 1929 Wall Street Crash, the U.S. economy had gone into a depression, and a large number of banks failed. The Pecora Investigation sought to uncover the causes of the financial collapse. As chief counsel, Ferdinand Pecora personally examined many high-profile witnesses, who included some of the nation's most influential bankers and ...
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). October 24 – The Mount Hope Bridge, connecting Portsmouth to Bristol in Rhode Island, opens to traffic.