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Events from the year 1929 in the United States. Incumbents. Federal government. President: Calvin Coolidge (R-Massachusetts) (until March 4) ...
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.
1926 – NBC founded as the U.S.'s first major broadcast network; 1926 – United States intervenes in Nicaragua; 1926 – Opportunity Magazine publishes Langston Hughes' The Weary Blues; 1926 – The Sun Also Rises by Ernest Hemingway is published.
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.
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 ...
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 ...
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 1920s (pronounced "nineteen-twenties" often shortened to the "' 20s" or the "Twenties") was a decade that began on January 1, 1920, and ended on December 31, 1929. . Primarily known for the economic boom that occurred in the Western World following the end of World War I (1914–1918), the decade is frequently referred to as the "Roaring Twenties" or the "Jazz Age" in America and Western ...