LeighW: -- OT -- Great Depression --
the severe U.S. economic crisis of the 1930s, supposedly precipitated by the 1929 stock market crash. Certain causative factors are generally accepted: overproduction of goods; a tariff and war-debt policy that curtailed foreign markets for American goods; and easy money policies that led to overexpansion of credit and fantastic speculation on the stock market. At the depth (1933) of the Depression, 16 million people-one third of the labor force-were unemployed. The effects were felt in Europe and contributed to Adolph HITLER's rise in Germany. The policies of the NEW DEAL relieved the situation, but complete recovery came only with the heavy defense spending of the 1940s. Source: AOL NetFind
Web Special: The Crash of 1929
A BAD WEEK
Read The New York Times' coverage of the 1929 stock market collapse.
Monday, Oct. 28, 1929
Wall Street Hums on the Day of Rest to Catch Up on Work
nytimes.com
Tuesday, Oct. 29, 1929
Stock Prices Slump $14,000,000,000 in Nation-Wide Stampede to Unload;
Bankers to Support Market Today
nytimes.com
Decline in Crowds in Trading Rooms
nytimes.com
Telephone Calls 5% Above Normal
nytimes.com
Wednesday, Oct. 30, 1929
Stocks Collapse in 16,410,030-Share Day, but Rally at Close Cheers Brokers; Bankers Optimistic, to Continue Aid
nytimes.com
Reserve Board Finds Action Unnecessary
nytimes.com
Crowds at Tickers See Fortunes Wane
nytimes.com
Leaders See Fear Waning
nytimes.com
Phone, Radio, Cable Beat All Records
nytimes.com
Brokers Believe Bottom Is Reached
nytimes.com
Comment of Press on Crash in Stocks
nytimes.com
Women Traders Going Back to Bridge Games; Say They Are Through With Stocks Forever
nytimes.com
Thursday, Oct. 31, 1929
Exchange to Close for 2 Days of Rest
nytimes.com
Stocks Mount in Strong All-Day Rally; Rockefeller Buying Heartens Market; 2-Day Closing Ordered to Erase Strain
nytimes.com
Friday, Nov. 1, 1929
Stocks Up Again On Flood Of Buying; Discount Rate Cut Here And In London; Back to Normal, Reserve Board Finds
nytimes.com
Brokers See End Of Stock Hysteria
nytimes.com
Reserve Board Sees Speculation Curbed
nytimes.com
These are great articles of the biggest market downturn this century as examined by Floyd Norris. I hope you can access the links. If you can't, try to register free at this URL:
nytimes.com
I also have the paper delivered at home but it is not a requirement. Enjoy.
Mick $$$ |
