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To: calgal who wrote (144733)	10/18/1999 12:27:00 AM
From: Mick Mørmøny	Read Replies (1) \| Respond to of 176387

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 $$$