Quotes About 1929

Pressure selling is firmly rooted in American economic life, and I'm sorry it is, for it should not be necessary. Some people think part of the panic following 1929 was due to too much pressure in selling.

Those millions of sales represented a loss in share value on the New York Exchange alone of some $10 billion. That was twice the amount of currency in circulation in the entire country at the time. Eventually, the total lost in the financial pandemic would be put at a staggering $50 billion—all stemming from a virus that proved fatal on October 29, 1929: the day the bubble burst.

We certainly had an upheaval at the start of the Great Depression, and that resulted in a lot of financial reform, but it wasn't done in one stroke, and it wasn't done immediately. The Depression was in 1929 and resulted in the Securities and Exchange Act of '33, '34, '35, '37, '39, and '41.

Alas, in 1929 came the Stock Market crash and everything changed and became worrisome. People started practicing conservatism because of financial losses, myself included.

After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.

Americans are nearer to the final triumph over poverty than ever before in the history of the land," said the new president, Herbert Hoover, who took office in 1929. He

So worried by the chaos were the British that between Christmas 1928 and New Year 1929 they organised an airlift first of their women and children then of all personnel, the first large-scale air evacuation in history

In the 1920s, he decided that it was cheaper to drill for oil than to buy the overvalued shares of other oil companies. After the 1929 stock market crash, he completely changed tack; he saw that oil shares were selling at a great discount to assets, and he turned to prospecting for oil on the floor of the stock exchange—in

Nan Gorman was born in Memphis, Tenn., on St. Patrick's Day. She moved to Hazard in 1929 when her father, James Hagan, a recent medical school graduate and aspiring surgeon, went to work there.

For a long time the New York Stock Exchange looked with suspicion on the investment trusts; only in 1929 was fisting permitted.

In the larger history of economics and finance, no year stands out as does 1929. It is, as I have elsewhere observed—like 1066, 1776, 1914, 1945, and now, perhaps, with the collapse of Communism, 1989—richly evocative in the public memory.

In a country of thirty-two million households, A&P served five million customers a day. In 1929, it became, as John had predicted, the first retailer anywhere to sell $1 billion of merchandise in a single year.28

In 1929 the firm received their largest project to date, the one that might have won the day for them on the Empire State project—they built the Bank of Manhattan Building at 40 Wall Street, which was pitted against Chrysler in the race for the world's tallest. The foundations were started in May 1928, before the site was entirely cleared; less than a year later, the bank moved in. The seventy-story, 927-foot-high building was completed in eleven months.