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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.
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.
Marilyn Lloyd, American politician and businesswoman (d. 2018) Gordon Moore, American computing entrepreneur and benefactor, inventor of Moore's Law (d. 2023) January 4 – Darrell Mudra, American football coach (d. 2022) January 5. Wilbert Harrison, American singer-songwriter and guitarist (d. 1994) Robert K. Massie, American journalist and ...
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 ...
Teddy Roosevelt, the Bull Moose, led American progressives in the early 20th century. 1906 – San Francisco earthquake; 1907 – Oklahoma becomes a state; 1907 – Gentlemen's Agreement; 1907 – Coal mine explodes in Monongah, West Virginia, killing at least 361. Worst industrial accident in American history. 1908 – Ford Model T appears on ...
By 1929, America's radio equipment spending reached $840 million. ... A company so large it used to simply be known as "The Corporation," U.S. Steel was the world's first vertically integrated ...
Herbert Clark Hoover (August 10, 1874 – October 20, 1964) was the 31st president of the United States, serving from 1929 to 1933.A wealthy mining engineer before his presidency, Hoover led the wartime Commission for Relief in Belgium and was the director of the U.S. Food Administration, followed by post-war relief of Europe.
Jared Fields has sparked controversy inside the Big Brother season 25 house after he referred to fellow contestant America Lopez as the R-word. Jared, 25, is the current Head of Household and was ...