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This Day in History - Oct 29,1929 Black Tuesday

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...THE STOCK MARKET CRASH and the GREAT DEPRESSION BEGINS.

The falling stock crisis which had been gaining momentum since early September finally culminates in the greatest one day collapse of the U.S. Economy. Millions of people who weren't ruined by last Thursday's crash were ruined today. One third of all U. S. banks failed- 2,500.

Eyewitnesses to that day all remember the strange low roar echoing through the glass canyons of Wall street, it was the continuous moans of thousands of investors being simultaneously ruined. Businessmen jumped to their deaths from windows. Two executives held hands as they jumped because they had a joint account. The chairman of General Motors William Durant finished his life managing a bowling alley in Chicago.

The Union Club wallpapered it's bar with worthless stock certificates. Venerable firms like Morgan and Lehman Brothers allowed 'apple-breaks' for their brokers to go out on the street and supplement their incomes by selling apples. By years end all U.S. industry was working at 17% of capacity and unemployment would soon soar to 55% in many major cities. The newly built Empire State Building was nicknamed the "Empty State Building".

The Herbert Hoover Administration, which espoused the traditional Republican hands-off attitude towards Wall Street, watched in horror as every trick known to financial wizards like Rockefeller and Lamont failed to stop the slide. People questioned whether capitalism itself was a failure.

Hoover's Vice President Charles Curtis, (for whom the nickname "Goodtime Charlie" was invented) continued to party while things collapsed. During a speech, He told hungry, unemployed people protesting that they were all "Too damn dumb" to understand economics.

~ Tom Sito

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...THE STOCK MARKET CRASH and the GREAT DEPRESSION BEGINS.

The falling stock crisis which had been gaining momentum since early September finally culminates in the greatest one day collapse of the U.S. Economy. Millions of people who weren't ruined by last Thursday's crash were ruined today. One third of all U. S. banks failed- 2,500.

Eyewitnesses to that day all remember the strange low roar echoing through the glass canyons of Wall street, it was the continuous moans of thousands of investors being simultaneously ruined. Businessmen jumped to their deaths from windows. Two executives held hands as they jumped because they had a joint account. The chairman of General Motors William Durant finished his life managing a bowling alley in Chicago.

The Union Club wallpapered it's bar with worthless stock certificates. Venerable firms like Morgan and Lehman Brothers allowed 'apple-breaks' for their brokers to go out on the street and supplement their incomes by selling apples. By years end all U.S. industry was working at 17% of capacity and unemployment would soon soar to 55% in many major cities. The newly built Empire State Building was nicknamed the "Empty State Building".

The Herbert Hoover Administration, which espoused the traditional Republican hands-off attitude towards Wall Street, watched in horror as every trick known to financial wizards like Rockefeller and Lamont failed to stop the slide. People questioned whether capitalism itself was a failure.

Hoover's Vice President Charles Curtis, (for whom the nickname "Goodtime Charlie" was invented) continued to party while things collapsed. During a speech, He told hungry, unemployed people protesting that they were all "Too damn dumb" to understand economics.

~ Tom Sito

http://tomsito.com/blog.php?post=2443

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Off topic comment removed


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huh? :unsure:

Seemed pretty on topic to me. Mods must not be looking at the other thread.

Edited by Karee

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...THE STOCK MARKET CRASH and the GREAT DEPRESSION BEGINS.

The falling stock crisis which had been gaining momentum since early September finally culminates in the greatest one day collapse of the U.S. Economy. Millions of people who weren't ruined by last Thursday's crash were ruined today. One third of all U. S. banks failed- 2,500.

Eyewitnesses to that day all remember the strange low roar echoing through the glass canyons of Wall street, it was the continuous moans of thousands of investors being simultaneously ruined. Businessmen jumped to their deaths from windows. Two executives held hands as they jumped because they had a joint account. The chairman of General Motors William Durant finished his life managing a bowling alley in Chicago.

The Union Club wallpapered it's bar with worthless stock certificates. Venerable firms like Morgan and Lehman Brothers allowed 'apple-breaks' for their brokers to go out on the street and supplement their incomes by selling apples. By years end all U.S. industry was working at 17% of capacity and unemployment would soon soar to 55% in many major cities. The newly built Empire State Building was nicknamed the "Empty State Building".

The Herbert Hoover Administration, which espoused the traditional Republican hands-off attitude towards Wall Street, watched in horror as every trick known to financial wizards like Rockefeller and Lamont failed to stop the slide. People questioned whether capitalism itself was a failure.

Hoover's Vice President Charles Curtis, (for whom the nickname "Goodtime Charlie" was invented) continued to party while things collapsed. During a speech, He told hungry, unemployed people protesting that they were all "Too damn dumb" to understand economics.

~ Tom Sito

Black Tuesday. So if it had been a good market would it have been White Tuesday. You choice of titles and perpetuating anything bad as being black only goes further to prove your obsession with race. I hope one day you will not stereotype and define everything by color.

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Black Tuesday. So if it had been a good market would it have been White Tuesday. You choice of titles and perpetuating anything bad as being black only goes further to prove your obsession with race. I hope one day you will not stereotype and define everything by color.

I guess I am not the only one that noticed.

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**** personal attack removed. Stay on topic and civil or thread bans and suspensions will be next. No more warnings. ****


Bye: Penguin

Me: Irish/ Swiss citizen, and now naturalised US citizen. Husband: USC; twin babies born Feb 08 in Ireland and a daughter in Feb 2010 in Arkansas who are all joint Irish/ USC. Did DCF (IR1) in 6 weeks via the Dublin, Ireland embassy and now living in Arkansas.

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Black Tuesday. So if it had been a good market would it have been White Tuesday. You choice of titles and perpetuating anything bad as being black only goes further to prove your obsession with race. I hope one day you will not stereotype and define everything by color.
Uh, what about Black Friday, huh man?

06-04-2007 = TSC stamps postal return-receipt for I-129f.

06-11-2007 = NOA1 date (unknown to me).

07-20-2007 = Phoned Immigration Officer; got WAC#; where's NOA1?

09-25-2007 = Touch (first-ever).

09-28-2007 = NOA1, 23 days after their 45-day promise to send it (grrrr).

10-20 & 11-14-2007 = Phoned ImmOffs; "still pending."

12-11-2007 = 180 days; file is "between workstations, may be early Jan."; touches 12/11 & 12/12.

12-18-2007 = Call; file is with Division 9 ofcr. (bckgrnd check); e-prompt to shake it; touch.

12-19-2007 = NOA2 by e-mail & web, dated 12-18-07 (187 days; 201 per VJ); in mail 12/24/07.

01-09-2008 = File from USCIS to NVC, 1-4-08; NVC creates file, 1/15/08; to consulate 1/16/08.

01-23-2008 = Consulate gets file; outdated Packet 4 mailed to fiancee 1/27/08; rec'd 3/3/08.

04-29-2008 = Fiancee's 4-min. consular interview, 8:30 a.m.; much evidence brought but not allowed to be presented (consul: "More proof! Second interview! Bring your fiance!").

05-05-2008 = Infuriating $12 call to non-English-speaking consulate appointment-setter.

05-06-2008 = Better $12 call to English-speaker; "joint" interview date 6/30/08 (my selection).

06-30-2008 = Stokes Interrogations w/Ecuadorian (not USC); "wait 2 weeks; we'll mail her."

07-2008 = Daily calls to DOS: "currently processing"; 8/05 = Phoned consulate, got Section Chief; wrote him.

08-07-08 = E-mail from consulate, promising to issue visa "as soon as we get her passport" (on 8/12, per DHL).

08-27-08 = Phoned consulate (they "couldn't find" our file); visa DHL'd 8/28; in hand 9/1; through POE on 10/9 with NO hassles(!).

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Discriminates against Native Americans.
Call it "Viernes Negro" (as in the Spanish-language papers here) and the perceived insult loses some of its bite, si man.

Speaking of which, two of my wife's cousins were here from Ecuador on last Viernes Negro. I rousted myself from bed at 4 a.m. (egad, man) and got them to a large outlet mall by 6. We finished at 9:30. They must have spent over a grand, including $575 at ONE store. That was really my first serious Viernes Negro activity, si man, and it wasn't bad. Might try it this year with Mrs. T-B., if Mini-Bone permits it.


06-04-2007 = TSC stamps postal return-receipt for I-129f.

06-11-2007 = NOA1 date (unknown to me).

07-20-2007 = Phoned Immigration Officer; got WAC#; where's NOA1?

09-25-2007 = Touch (first-ever).

09-28-2007 = NOA1, 23 days after their 45-day promise to send it (grrrr).

10-20 & 11-14-2007 = Phoned ImmOffs; "still pending."

12-11-2007 = 180 days; file is "between workstations, may be early Jan."; touches 12/11 & 12/12.

12-18-2007 = Call; file is with Division 9 ofcr. (bckgrnd check); e-prompt to shake it; touch.

12-19-2007 = NOA2 by e-mail & web, dated 12-18-07 (187 days; 201 per VJ); in mail 12/24/07.

01-09-2008 = File from USCIS to NVC, 1-4-08; NVC creates file, 1/15/08; to consulate 1/16/08.

01-23-2008 = Consulate gets file; outdated Packet 4 mailed to fiancee 1/27/08; rec'd 3/3/08.

04-29-2008 = Fiancee's 4-min. consular interview, 8:30 a.m.; much evidence brought but not allowed to be presented (consul: "More proof! Second interview! Bring your fiance!").

05-05-2008 = Infuriating $12 call to non-English-speaking consulate appointment-setter.

05-06-2008 = Better $12 call to English-speaker; "joint" interview date 6/30/08 (my selection).

06-30-2008 = Stokes Interrogations w/Ecuadorian (not USC); "wait 2 weeks; we'll mail her."

07-2008 = Daily calls to DOS: "currently processing"; 8/05 = Phoned consulate, got Section Chief; wrote him.

08-07-08 = E-mail from consulate, promising to issue visa "as soon as we get her passport" (on 8/12, per DHL).

08-27-08 = Phoned consulate (they "couldn't find" our file); visa DHL'd 8/28; in hand 9/1; through POE on 10/9 with NO hassles(!).

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