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Eilaine Roth, American professional baseball player (d. 2011) Elaine Roth, American professional baseball player (d. 2007) January 19 – Red Amick, American race car driver (d. 1995) January 20. Jimmy Cobb, American jazz drummer (d. 2020) Arte Johnson, American comedian and actor (d. 2019) Frank Kush, American football player and coach (d. 2017)
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.
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 American economist Charles P. Kindleberger of long-term studying of the Great Depression pointed out that in the 1929, before and after the collapse of the stock market, the Fed lowered interest rates, tried to expand the money supply and eased the financial market tensions for several times; however, they were not successful.
This peak matches early-1929 levels, but is 30% below the September 1929 peak. May: Automobile sales fall below 1928 levels. June 17: Smoot-Hawley Tariff Act passed, placing more stress on the weakening global economy, primarily through the collapse in trade of agricultural products, which strained banks that had lent heavily to farmers ...
By 1929, America's radio equipment spending reached $840 million. ... That made for a 1921 market cap of just under $10 million, yet the company saw earnings of more than $5 million in 1922. Coca ...
Another 1929 book reflecting on World War I was Ernest Hemingway's A Farewell to Arms, as well as Good-Bye to All That by Robert Graves. [38] In lighter media, a few stars of the comic industry made their debut, including Tintin, a comic book character created by Hergé, who would appear in over 200 million comic books in 60 languages.
America has always had a gun problem, but never on this scale. Every day, 327 people are shot in the United States , more than a hundred of them fatally. And the numbers are rising.