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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)
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.
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 larger sound came from the southern states during the Reconstruction era, as they try to rebuild their destroyed rail system. Some states such as Maine and Texas also made land grants to local railroads; the state total was 49 million acres. [150] The emerging American financial system was based on railroad bonds.
Lack of government interest helped complete the downfall of American shipping. The five years following the Civil War showed a slight revival but the forces tending to a decline continued operative. American shipping in foreign trade and the fisheries, which amounted to 2,642,628 tons in 1870, had dropped to 826,694 tons in 1900.
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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.
In the 19th century, statesmen such as Senator Henry Clay continued Hamilton's themes within the Whig Party under the name "American System" which consisted of protecting industries and developing infrastructure in explicit opposition to the "British system" of free trade. [50] The American Civil War (1861–1865) was partly triggered by the ...