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What News Events Happened in 1929

U.S.
  • The Wall Street Crash of 1929, is the stock-market crash that occurred starts on October 28th and started the period of The Great Depression in the United States, starting a world-wide economic crisis and lasting till the mid 30's.
More Information and Timeline for Wall Street Crash
1. Leading up to the crash the United States experiences an economic boom during the 1920s. Many investors are speculators and the stock market keeps growing starting around 1923.
2. The stock market experiences a mini-crash on March 25th, 1929 as investors start to sell their stocks. This crash reveals a shaky foundation in the market. Borrowing and credit is effected as interest rates climb to twenty percent.
3. Banker Charles E. Mitchell pledges $25 million in credit to stop the stock market slide a few days after the mini-crash. He is called upon to leave his post on the Federal Reserve Board for his interference with the market.
4. The economy shows signs of slowing as steel production, construction and car sales all experience decline during the spring. However, the stock market keeps climbing breaking records month after month, despite the signs of strain.
5. The Stock Market reaches its peak on September 3rd, 1929 and the Dow Jones Industrial Average is at 381.17.
6. The market starts to fluctuate up and down, erratically during the month of September as speculators fear a crash.
7. The bubble bursts on October 24th, 1929, known as Black Thursday, when stock prices fall sharply with a reported loss of $5 billion on that day. Investors are assured that nothing is wrong and it will stabilize.
8. Black Monday happens on October 28th, 1929, when the U.S. stock market experiences its biggest drop in history, 22.6% in one day. This crash begins to influence other markets around the world.
9. Black Tuesday happens on October 29th, 1929 as panicked investors begin to sell all their stocks. The stock market drops another 12.8% by the end of the day.
10. The stock market hits bottom on November 23rd, 1929 and starts to stabilize after weeks of continuously falling.
11. The U.S. joins the rest of the world in the Great Depression as massive amounts of people become unemployed and the economy loses incomprehensible amounts of money due to the stock market crash. The Great Depression lasts until World War II begins.
12. In 1932, the U.S. stock market reaches its lowest point when it closes 89 percent down from its highest point in 1929.

U.S.
  • The St. Valentine's Day Massacre on February 14th. Seven gangsters rivaling Al Capone are murdered in Chicago, Illinois.
More Information and Timeline for St. Valentine's Day Massacre
The St. Valentine's Day Massacre took place on February 14th, 1929 in Chicago, Illinois. The massacre is likely related to criminal gang rivalry between Al Capone's gang and Bugs Moran's gang. Seven men associated with Bugs Moran's crime gang are murdered in the middle of the day by unknown gunmen.

Witnesses state they saw four men enter a garage on the North Side of the city, two of them dressed as police officers during the day. There was gun fire heard and then the four men exited, the two dressed as police escorting the other two at gunpoint. Police later discovered the bodies of the seven men who had been lined up against the wall and shot them with Tommy guns and other weapons.

It is likely that Al Capone was responsible for the brutal attack, however he was never held accountable for it nor did he ever admit to any involvement as he was in Florida at the time of the massacre.




Other Pages From The People History

Our 1920's  Quiz Just For Fun

World
  • Total of over 200,000 die from Influenza Epidemic.
U.S.
  • Dow Reaches Peak of 381.17 on September 3rd prior to the slide and eventual wall street crash in October.
Canada
  • The United States and Canada sign an agreement to protect Niagara Falls.
U.S.
  • US Population reaches 120 Million.
Vatican
  • Vatican City gains independence from Italy on June 7th and is created as its own State.
More Information and Timeline for Vatican City Founding
The Holy See and Italy sign the Lateran Pacts on February 11th, 1929. This created the Vatican City State. The Pacts were ratified on June 7th, 1929, officially making Vatican City a sovereign state under international law.

The entire area of Vatican City lies within the city of Rome and it measures about 110 acres. The city holds many Catholic cultural sites and is ruled by the Pope and high-ranking Catholic clergy.

In the late 1800's the King of Italy's attempts to unify the country left much question over the role of the Pope and many papal properties were seized by the King. Up until 1929, when the dispute was resolved, the various Popes did not leave the Vatican compound and did not recognize the Italian royalty's right to rule in Rome.


U.S.
  • US Captures Mexican General J. Gonzalo Rebels.
U.S.
  • Colonial Charles Lindberg leaves on a 3,500-mile flight from Detroit to Cape Horn.
U.S.

Popular Culture

U.S.
  • Popeye, a comic strip character created by Elzie Crisler Segar, makes his debut.
U.S.
  • Academy Awards, popularly known as the Oscars, are started.
U.S.
  • Museum Of Modern Art opens in New York.
U.S.
  • A start is made on the Rockefeller Center in New York.
U.S.
  • The Broadway Melody becomes the first major musical film of the sound era.
U.S.
  • The soft Drink 7-up is invented by Charles Leiper Grigg.

Born This Year

Grace Kelly November 12th
Anne Frank July 12th
Jacqueline Kennedy Onassis July 28th
Roger Bannister March 23rd
Audrey Hepburn May 4th

Technology

Germany
  • The German airship Graf Zeppelin completes a round-the-world flight.
U.S.
  • The first car radio is made by Motorola.
UK
  • The First Public phone booths appear in London.
World
  • The growth of Airplane travel continues with flights to destinations further and further apart including India, Australia, Europe, North and South America and Asia.
U.S.
  • Edwin Hubble continued to publish much of the foundations for understanding our galaxies and much of the theory that modern astronomy is based on (Possibly why the Hubble Space Telescope was named after him).
Switzerland
  • First Chain Saw Andreas Stihl a Swiss engineer begins manufacturing the first gasoline powered chain saw, which he soon begins exporting around the world.
U.S.A.
  • Sunglasses Sam Foster begins selling sunglasses from his counter in Woolworths on the boardwalk in Atlanta which are great hit with the sunbathing public.

1929 Mens and Womens Fashion Clothes

Part of our Collection of Clothing From The1920's



1929 Calendar

Major World Political Leaders

Australia Prime Minister Stanley Bruce until 22 October
Australia Prime Minister James Scullin From 22 October
Brazil President Washington Luís Canada Prime Minister William Lyon Mackenzie King

Italy Prime Minister Benito Mussolini

Japan Prime Minister Osachi Hamaguchi From 2 July
Japan Prime Minister Giichi Tanaka until 2 July
Mexico President Emilio Portes Gil Russia / Soviet Union
General Secretary of the Central Committee Joseph Stalin South Africa Prime Minister James Barry Munnik Hertzog United States President Calvin Coolidge until March 4
United States President Herbert Hoover From March 4
United Kingdom Prime Minister Stanley Baldwin until 5 June
United Kingdom Prime Minister Ramsay MacDonald From 5 June
Japan Prime Minister Osachi Hamaguchi From 2 July
Japan Prime Minister Giichi Tanaka until 2 July

Political Elections


British General Election 1929 Ramsay MacDonald (Labor) defeats Stanley Baldwin (Conservative) and David Lloyd George (Liberal)