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The Wall Street Crash of 1929, also known as the Great Crash, Crash of '29, or Black Tuesday, [1] was a major American stock market crash that occurred in the autumn of 1929. It began in September, when share prices on the New York Stock Exchange (NYSE) collapsed, and ended in mid-November. The pivotal role of the 1920s' high-flying bull market ...
1929 (MCMXXIX) was a common year starting on Tuesday of the Gregorian calendar, the 1929th year of the Common Era (CE) and Anno Domini (AD) designations, the 929th year of the 2nd millennium, the 29th year of the 20th century, and the 10th and last year of the 1920s decade. This year marked the end of a period known in American history as the ...
October–December. October 24: Wall Street Crash of 1929. October 11 – J. C. Penney opens Store #1252 in Milford, Delaware, making it a nationwide company with department stores in all 48 states. October 14 – The Philadelphia Athletics defeat the Chicago Cubs, 4 games to 1, to win their 4th World Series Title.
The Great Depression (1929–1939) was a severe global economic downturn that affected many countries across the world. It became evident after a sharp decline in stock prices in the United States, the largest economy in the world at the time, leading to a period of economic depression. [1] The economic contagion began around September 1929 and ...
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. Much of the stock market crash can be attributed to exuberance and false expectations.
10 May. Age of Marriage Act 1929 passed, raising the legal marriageable age to sixteen years for both parties to a marriage. Yorkshire cricketer Wilfred Rhodes takes his 4000th first-class wicket during a match against Oxford University. [4] 14 May – The North East Coast Exhibition opens, and would run for six months.
1910 – Mann Act. 1911 – Supreme Court breaks up Standard Oil. 1911 – Triangle Shirtwaist Factory fire. 1911 – First Indianapolis 500 is staged; Ray Harroun is the first winner. 1912 – RMS Titanic sank. 1912 – New Mexico and Arizona become states. 1912 – Girl Scouts of the USA was started by Juliette Gordon Low.
The Great Depression in a monetary view. In their 1963 book A Monetary History of the United States, 1867–1960, Milton Friedman and Anna Schwartz laid out their case for a different explanation of the Great Depression. Essentially, the Great Depression, in their view, was caused by the fall of the money supply.