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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.
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 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.
This section of the timeline of United States history concern events from 1900 to 1929. U.S. territorial extent in 1900 ... NBC founded as the U.S.'s first major ...
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 ...
1930 – The Motion Picture Production Code becomes set of industry censorship guidelines governing production of the vast majority of United States motion pictures released by major studios; is effective for 38 years; 1930 – Frozen vegetables, packaged by Clarence Birdseye, become the first frozen food to go on sale
US annual real GDP from 1910 to 1960, with the years of the Great Depression (1929–1939) highlighted Unemployment rate in the US 1910–60, with the years of the Great Depression (1929–39) highlighted; accurate data begins in 1939, represented by a blue line. The Depression caused major political changes in America.
And this decline, as Bolch and Pilgrim have claimed, may well have been the most important single factor in turning the 1929 downturn into a major depression. [89] The decline in housing construction that can be attributed to demographics has been estimated to range from 28% in 1933 to 38% in 1940. [90]