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1929 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.
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).
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.
Worst industrial accident in American history. 1908 – Ford Model T appears on the market; 1908 – Root–Takahira Agreement; 1908 – Federal Bureau of Investigation established; 1908 – Aldrich–Vreeland Act; 1908 – U.S. presidential election: William Howard Taft elected president; James S. Sherman vice president.
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.
1940 – Selective Service Act, establishing the first peacetime draft in U.S. history; 1940 – Alien Registration (Smith) Act; 1940 – Oldsmobile becomes the first car maker to offer a fully automatic transmission; 1940 – Bugs Bunny, Tom and Jerry and Woody Woodpecker make their cartoon debuts
This list of interesting facts is the perfect way to learn something new about life. ... 105 Fun Facts About Science, History, Celebrities, and More. Kate Franke, Elizabeth Berry.
, "The Causes and Cures of Unemployment in the Great Depression", Journal of Interdisciplinary History (1989) 19(553–83) online; Kennedy, David. Freedom from Fear: The American People in Depression and War, 1929–1945 (1999), wide-ranging survey by leading scholar; online; Klein, Maury. Rainbow's End: The Crash of 1929 (2001) by economic ...