Wednesday, October 29, 2014

WSJ Oct. 29, 1929: "Market Orderly In Record Drop"

"Continued Operation of Banker's Pool Prevents Repetition of Thursday's Hysteria"

From the Wall Street Journal's WSJ blog:

Oct. 28-29, 1929: Stock Crash
The 1929 crash that ushered in the Great Depression included Black Monday and Black Tuesday, during which the Dow Jones Industrial Average fell 13% and 12% back-to-back. Investors after Monday’s slide were assured that “banking interests” were supporting the market, “with a hand on the throttle.” Today in WSJ History....