October 1929

The following events occurred in October 1929:

<< October 1929 >>
Su Mo Tu We Th Fr Sa
0102030405
06070809101112
13141516171819
20212223242526
2728293031  
October 12, 1929: James Scullin wins election to become new Prime Minister of Australia
October 24, 1929: Panic selling begins on Wall Street when the New York Stock Exchange opens as investors scramble to pay "margin calls", a day commemorated as "Black Thursday" and as the start of the Great Depression
October 3, 1929: The Kingdom of the Serbs, Croats and Slovenes officially shortens name to "Yugoslavia"

Tuesday, October 1, 1929

  • Britain restored diplomatic relations with the Soviet Union.[1]
  • Died: Antoine Bourdelle, 67, French sculptor, painter and teacher

Wednesday, October 2, 1929

Thursday, October 3, 1929

Film star Jeanne Eagels

Friday, October 4, 1929

  • The Colorado State Penitentiary riot ended in the early morning with its leaders all dead. With the prospects of escape clearly hopeless, one of the leaders shot his accomplices and then himself. In all, eight prison guards and five inmates were killed.[6]
RCA Victor

Saturday, October 5, 1929

Sunday, October 6, 1929

Monday, October 7, 1929

Tuesday, October 8, 1929

  • Mobster Ralph Capone was arrested by federal authorities for tax fraud.[23]
  • Stephen Koenig Armstrong and Viola Louise Engel were married in the living room of the Ohio farmhouse of William Ernst Kornspeter, Viola's stepfather. Their first child, future astronaut Neil Armstrong, would be born on August 5, 1930.[24]

Wednesday, October 9, 1929

Thursday, October 10, 1929

Friday, October 11, 1929

  • By two votes, the U.S. Senate eased American censorship laws by passing an amendment to a tariff bill to exempt books and pamphlets from a ban on the importation of obscene content (restrictions against other media, such as paintings and photographs, remained in place). However, the amendment included a new prohibition against books or drawings urging forcible resistance to the laws of the United States or threats against any American's life.[27] The amendment would be revoked in March 1930.[28]

Saturday, October 12, 1929

Afghanistan's new King, Mohammed Nadir Shah
Australia's Prime Minister Bruce, voted out

Sunday, October 13, 1929

Monday, October 14, 1929

R101 over Britain
  • The British airship R101 embarked on its maiden voyage. Traffic in London came to a standstill as thousands stopped to watch the dirigible pass over the city.[34]

Tuesday, October 15, 1929

Optimist Irving Fisher

Wednesday, October 16, 1929

  • Lists were opened in Germany for the signing of a petition for a national referendum to deny Germany's war guilt and refuse to obey the Young Plan.[37] 10% of all the country's eligible voters would be required to sign up before the referendum could be considered binding.[38]
  • The British government made a concession to the country's coal miners by informing their unions that there would be a uniform reduction of work hours from 8 down to 7 and a half per day without reduction of wages. The miners had sought repeal of the Eight Hours Act passed by the Stanley Baldwin government and reversion to the old 7-hour day.[39]
  • The Dow Jones Industrial Average dropped 3.2% as the New York Stock Exchange posted widespread losses, with numerous declines of 10 points or more.[40][41]
  • Born: S. William Green, politician, in New York City (d. 2002)

Thursday, October 17, 1929

Friday, October 18, 1929

Saturday, October 19, 1929

  • The Soviet Union recognized Mohammed Nadir Shah as ruler of Afghanistan.[52]
  • The New York Stock Exchange posted more big losses amid a wave of selling.[53]

Sunday, October 20, 1929

  • In Berlin, two people were reported killed in street fighting that erupted when Der Stahlhelm clashed with police as they demonstrated in favor of the anti-Young Plan referendum and pushed towards the presidential mansion despite a police ban on street parades. Police also repelled a Stahlhelm attempt to storm a Jewish synagogue.[54]
  • Born: Colin Jeavons, Welsh television actor, in Newport, Monmouthshire

Monday, October 21, 1929

  • The Edison Institute of Technology was dedicated in Dearborn, Michigan, on the fiftieth anniversary of Thomas Edison's invention of the lightbulb. "Every American owes a debt to him", President Hoover said in a speech honoring the 82-year-old inventor. "It is not alone a debt for great benefactions he has brought to mankind, but also a debt for the honor he has brought to our country. Mr. Edison, by his own genius and effort, rose from modest beginnings to membership among the leaders of men. His life gives renewed confidence that our institutions hold open the door of opportunity to all those who would enter."[55]
  • The giant Dornier Do X German seaplane had a successful 50-minute test flight over Lake Constance with 169 people aboard.[56]
  • The Dow dropped 3.71%. As panic began to set in, telephone and telegraph lines were swamped with calls and a record 3.1 million shares changed hands in the first two hours after trading opened. Many investors did not know where they stood through the day as the ticker results were delayed more than 60 minutes behind at one point.[40][57][58]
  • Born: Ursula K. Le Guin, American science fiction and fantasy author; in Berkeley, California (d. 2018)

Tuesday, October 22, 1929

  • James Scullin formed a government with his Australian Labor Party to become the ninth Prime Minister of Australia.
  • French Prime Minister Aristide Briand and his entire cabinet resigned after the government was defeated on a confidence vote over its Rhineland evacuation policy.[59]
  • "The present decline is a healthy reaction, which probably has overrun itself. There is nothing alarming about it", National City Bank chairman Charles E. Mitchell said about recent losses in the stock market. "In a market like this fundamentals are the things to look for, and if you can show me anything wrong with the situation generally, then I will be concerned."[60]
  • The New York Stock Exchange gained 1.75% on a day of optimism and relatively light trading. Nine out of ten market letters sent out by commission houses predicted a rally amid a general feeling that the situation had already bottomed out.[40][61]
SS Milwaukee
  • All 52 of the crew of the train ferry SS Milwaukee drowned when the ship sank in Lake Michigan, off of the Wisconsin coast, during a storm. The ship had no radio equipment and its captain proceeded into the storm despite the heavy seas.[62]
  • The Brazilian airline Panair do Brasil began operation as NYRBA do Brasil S.A.
  • Born: Lev Yashin, footballer, in Moscow, USSR (d. 1990)

Wednesday, October 23, 1929

Thursday, October 24, 1929

Crowds outside the New York Stock Exchange
  • The Wall Street Crash of 1929 began on the day remembered later in history as "Black Thursday". The morning opened with a deluge of panic selling, causing prices to drop sharply. After a midday emergency meeting at J.P. Morgan & Co., prices recovered in the afternoon due in large part to a pool of investment bankers buying to prop up the market, a solution that worked in the short term and limited the market's fall for the day to only 2.09%.[3][40][67][68] A new one-day record 12,880,900 shares were sold.[69]
  • Born: Clifford Rose, actor, in Hamnish Clifford, England (d. 2021)

Friday, October 25, 1929

  • The day after Black Thursday, the Dow Jones Industrial Average rose 0.58%, giving investors hope that the worst was over.[40][67]
  • President Hoover made a formal statement indirectly addressing the stock market situation. "The fundamental business of the country, that is, the production and distribution of commodities, is on a sound and prosperous basis", Hoover said.[70]
  • Steel industrialist Charles M. Schwab told an audience that there was no reason why industrial prosperity should not continue indefinitely if the balance between production and consumption was maintained.[71]
  • Chewing gum magnate William Wrigley, Jr. said that from his viewpoint, general business was never so good and that prospects were "bright all over the world". Sears, Roebuck & Company President Robert E. Wood shared his optimism, saying, "We think the outlook remains the same as before the break. We are going to do the biggest month's business in our history this month."[72]
  • Business theorist Roger Babson, who predicted in early September that a stock market crash was coming, said that declines would continue but in a more orderly fashion. "Crazy markets such as we had yesterday must be followed by a resting up", Babson explained, adding, "Speculative buying for profit is over for a while. The buying from now on will be of a legitimate investment nature."[73]
  • In Krasnodar, Soviet authorities executed 21 men for anti-government activities.[74]
  • Ramsay MacDonald ended his visit to the United States and Canada, boarding a ship in Quebec headed back for Britain.[75]

Saturday, October 26, 1929

Sunday, October 27, 1929

  • Parliamentary elections in Czechoslovakia were won by the Republican Party of Agricultural and Smallholder Peoples.
  • In Rome, Benito Mussolini addressed 60,000 Blackshirts gathered to commemorate the seventh anniversary of the March on Rome. "Italy today is what I wanted it to be – an army of citizens and soldiers ready for works of peace, laborious, silent and disciplined", Mussolini declared. "And if tomorrow someone wished to disturb the peaceful rhythm of the development of our people, if someone wanted to break this superb unity of spirit, would you answer to my call, Blackshirts?" The legions roared in the affirmative.[81]
  • Three arrests were made during a demonstration of 500 British Communists outside the American embassy in London protesting the sentences of the textile workers in the Loray Mill Strike.[82]

Monday, October 28, 1929

Tuesday, October 29, 1929

  • The Dow Jones Industrial Average dropped a record 11.73%, four days after having been propped up five days earlier. With all hopes of a quick recovery now gone, sellers outnumbered buyers, 10 to one, as a record 16.4 million shares exchanged hands.[67][68][83]
  • Assistant Secretary of Commerce Julius Klein gave a national radio address reassuring the American people that there was no reason to change the president's statement of last Friday. "The number of citizens whose buying ability has been affected by the decline in the value of speculative securities is not very large", Klein said. "Their purchases do not make up a very significant fraction of the demand for goods. There is no reason why the twenty-five or more million families, representing over 95 percent of our population whose incomes remain undiminished should cut down their purchases of commodities, and therefore very few industries should see any appreciable reduction in the sales of their output."[84][85]
  • Industrialist John J. Raskob announced he was reentering the stock market for the first time in months. "Prudent investors are now buying stocks in huge quantities and will profit handsomely when this hysteria is over and our people have opportunity in calmer moments to appreciate the great stability of business by reason of the sound fundamental economic conditions existing in this great country", Raskob said.[86]
  • The steamboat SS Wisconsin foundered during an early morning storm off the coast of Kenosha, Wisconsin. 60 were rescued but 12 crew were lost.[87][88]
  • The enrollment period for the German referendum expired.[89]
  • Died: Emily Robin, 55, English Madame who operated the infamous Gamine brothel in Kingston upon Hull

Wednesday, October 30, 1929

  • The Dow Jones Industrial Average rebounded with a gain of 12.34%, as traders bought shares at lower cost as part of looking for bargains. The volume of trading eased to 10.7 million shares as many investors decided to hold on to their stocks and wait for the market to recover.[68][90][91]
  • A general election was held in the Canadian province of Ontario. The Conservative Party led by Howard Ferguson was re-elected with an increased majority. Government-controlled liquor sales were legal in Ontario and the Conservatives were the only significant "wet" party, so the matter of prohibition in the province was considered definitively settled.[92]
  • Étienne Clémentel accepted the task of trying to form the next French government after Édouard Daladier was unsuccessful.[93]
  • John D. Rockefeller released a rare public statement from his home. "Believing that fundamental conditions of the country are sound and that there is nothing in the business situation to warrant the destruction of values that has taken place on the exchanges in the last week, my son and I have for some days been purchasing sound common stocks. We are continuing and will continue our purchases in substantial amounts at levels which we believe represent sound investment values", the statement read.[94]

Thursday, October 31, 1929

References

  1. "Chronology 1929". indiana.edu. 2002. Retrieved March 18, 2015.
  2. Salmond, John A. (1995). Gastonia, 1929: The Story of the Loray Mill Strike. University of North Carolina Press. p. 10. ISBN 978-0-8078-2237-1.
  3. Mercer, Derrik (1989). Chronicle of the 20th Century. London: Chronicle Communications Ltd. p. 383. ISBN 978-0-582-03919-3.
  4. Reid, John Howard (2008). Silent Films & Early Talkies on DVD: A Classic Movie Fan's Guide. Lulu.com. ISBN 978-1-4357-1073-3.
  5. Tomasevich, Jozo (2001). War and Revolution in Yugoslavia: 1941–1945. Stanford, California: Stanford University Press. p. 27. ISBN 978-0-8047-7924-1.
  6. Anderson, Diana (2002). "1929 Riot". Cañon City Public Library. Retrieved March 18, 2015.
  7. Powell, John (October 5, 1929). "Chinese, Soviets in Hand to Hand Battle for City". Chicago Daily Tribune. p. 10.
  8. Holston, Kim R. (2013). Movie Roadshows: A History and Filmography of Reserved-Seat Limited Showings, 1911–1973. Jefferson, North Carolina: McFarland & Company, Inc. pp. 67–68. ISBN 978-0-7864-6062-5.
  9. Abramson, Albert (1995). Zworykin, Pioneer of Television. University of Illinois Press. p. 80. ISBN 978-0-252-02104-6.
  10. Henning, Arthur Sears (October 4, 1929). "MacDonald Reaches U.S. to Meet Hoover". Chicago Daily Tribune. p. 1.
  11. Henning, Arthur Sears (October 5, 1929). "Capital Greets Premier on his Peace Mission". Chicago Daily Tribune: 1.
  12. "Visits By Foreign Leaders of United Kingdom". Office of the Historian. Retrieved March 18, 2015.
  13. "Tageseinträge für 4. Oktober 1929". chroniknet. Retrieved March 18, 2015.
  14. Henning, Arthur Sears (October 6, 1929). "Talk Navies in Hoover Camp". Chicago Daily Tribune. p. 1.
  15. "Last Rites for Stresemann to be Held Today". Chicago Daily Tribune. October 6, 1929. p. 16.
  16. "Germans Pay Last Tribute to Minister". Rhinelander Daily News. Rhinelander, Wisconsin: 1. October 7, 1929.
  17. "Rebury Wrangel in Belgrade With Pathetic Pomp". Chicago Daily Tribune. October 7, 1929. p. 2.
  18. Deane, Bill (2012). Baseball Myths: Debating, Debunking, and Disproving Tales from the Diamond. Scarecrow Press. pp. 170–171. ISBN 978-0-8108-8547-9.
  19. "Nick Altrock 1929 Batting Gamelogs". Baseball-Reference.com. Sports Reference LLC. Retrieved March 18, 2015.
  20. "Survivors Tell Horrors as Ship Sinks; 44 Lost". Chicago Daily Tribune. October 8, 1929. p. 10.
  21. "Britain Makes Humphreys High Commissioner in Iraq". Chicago Daily Tribune. October 7, 1929. p. 2.
  22. Suydum, Henry (October 7, 1929). "MacDonald Praises Kellogg Pact Amid Cheers of Senators". Brooklyn Daily Eagle. p. 1.
  23. "Ralph Capone Jailed by U.S. on Tax Charge". Chicago Daily Tribune. October 9, 1929. p. 1.
  24. Hansen, James R. (April 2018). First Man: The Life of Neil A. Armstrong. Simon & Schuster Paperbacks. pp. 13–14. ISBN 978-1-5011-5306-8.
  25. "Jue Moon". Playbill Vault. Retrieved March 18, 2015.
  26. Dupree, Louis (1980). Afghanistan. Princeton University Press. p. 459. ISBN 978-1-4008-5891-0.
  27. Crawford, Arthur (October 12, 1929). "End Censorship of Literature by Custom Force". Chicago Daily Tribune. p. 14.
  28. "Senate Votes Censorship on Obscene Books". Chicago Daily Tribune: 1. March 19, 1930.
  29. "Comeback among October's best". MLB.com. October 17, 2008. Retrieved March 18, 2015.
  30. Boone, Bob and Grunska, Jerry. "Hack Wilson in Chicago". Northsiders: Essays on the History and Culture of the Chicago Cubs. Jefferson, North Carolina: McFarland & Company, Inc., 2008. p. 168–169. ISBN 978-0-7864-3623-1.
  31. "Saturday, October 12, 1929". The Road to World War II: Day-by-Day. October 12, 2013. Retrieved March 18, 2015.
  32. Schultz, Sigrid (October 13, 1929). "Germany Rocked by Grim Battle Over Young Plan". Chicago Daily Tribune. p. 21.
  33. "96 Saved as Liner Strikes Rocks Near Canadian Harbor". Brooklyn Daily Eagle. October 14, 1929. p. 1.
  34. Root, Waverly (October 15, 1929). "London Gapes as Leviathan of Air Stunts in Sky". Chicago Daily Tribune. p. 8.
  35. White, Lawrence H. (2012). The Clash of Economic Ideas. Cambridge University Press. p. 68. ISBN 978-1-107-01242-4.
  36. Smith, George (October 16, 1929). "MacDonald Says Goodby; Crosses Over to Canada". Chicago Daily Tribune. p. 7.
  37. Schultz, Sigrid (October 17, 1929). "Germany Calm as Battle Opens Over Young Plan". Chicago Daily Tribune. p. 19.
  38. "Germany Votes for Referendum on Young Plan". Chicago Daily Tribune: 22. November 3, 1929.
  39. "Britain Reduces Hours of Miners; Wages Not Cut". Chicago Daily Tribune. October 17, 1929. p. 4.
  40. "The Great Depression and Dow Jones Industrial Average". Generational Dynamics. Retrieved March 18, 2015.
  41. Harvey, Fred (October 17, 1929). "Stocks Turn on Friends; Prices Go Glimmering". Chicago Daily Tribune. p. 29.
  42. "Serbian Executed in Italy for Firing on Line of Voters". Brooklyn Daily Eagle. October 17, 1929. p. 1.
  43. Sage, Robert (October 18, 1929). "Italy Executes Collegian and Serbs Go Wild". Chicago Daily Tribune: 3.
  44. "MacDonald Arrives in Ottawa to See Canadian Premier". Brooklyn Daily Eagle. October 17, 1929. p. 1.
  45. Harvey, Fred (October 18, 1929). "Final Prices Stronger in N.Y. Stock Market". Chicago Daily Tribune. p. 31.
  46. "Selling Forces Stocks to Lose Morning Gains". Brooklyn Daily Eagle: 1. October 17, 1929.
  47. "Women are persons -- the Famous Five and the Persons Case". The Alberta Centennial. Retrieved March 18, 2015.
  48. "Persons Day". Status of Women Canada. Retrieved March 18, 2015.
  49. House, Ann Sommers (October 19, 1929). "Belgians Riot as Princess Plans to Wed". Chicago Daily Tribune. p. 1.
  50. "Chinese Revolt". The West Australian. Perth: 19. October 19, 1929.
  51. "Rank and File of Curb Stocks Shows Decline". Chicago Daily Tribune. October 19, 1929. p. 26.
  52. "Soviets Accept Nadir Khan as New Afghanistan King". Chicago Daily Tribune. October 20, 1929. p. 8.
  53. "Selling Avalanche Causes Big Losses on Stock Exchange". Chicago Daily Tribune. October 20, 1929. p. 1.
  54. Schultz, Sigrid (October 21, 1929). "Germans Riot Over Debt Vote Plan; 2 Killed". Chicago Daily Tribune. p. 1.
  55. "Edison Honored by Grateful World". Chicago Daily Tribune. October 22, 1929. pp. 1–2.
  56. Schultz, Sigrid (October 22, 1929). "Giant Plane Takes Air with 169 in Board". Chicago Daily Tribune. p. 1.
  57. "Market in Panic As Stocks Drop To Record Lows". Brooklyn Daily Eagle. October 21, 1929. p. 1.
  58. "Stocks Slump Billions; Rally at Day's Close". Chicago Daily Tribune: 1. October 22, 1929.
  59. Wales, Henry (October 23, 1929). "Briand Cabinet Falls on Plan to Free Rhine". Chicago Daily Tribune. p. 1.
  60. Mather, O.A. (October 23, 1929). "Stock Market Will Recover, Doctors' Think". Chicago Daily Tribune. p. 27.
  61. Harvey, Fred (October 23, 1929). "Rainbow Seen on Wall Street; Stocks Rally". Chicago Daily Tribune. p. 27 and 29.
  62. "Fear 52 Are Dead on Lake Ship". Chicago Daily Tribune. October 24, 1929. p. 1.
  63. Giroux, Gary (2013). Business Scandals, Corruption, and Reform: An Encyclopedia. Greenwood. p. 147. ISBN 978-1-4408-0068-9.
  64. "Crown Prince of Italy Target of an Assassin". Chicago Daily Tribune. October 24, 1929. p. 1.
  65. "Water Boy King Surrenders With 1,000 Followers". Chicago Daily Tribune. October 24, 1929. p. 23.
  66. "Blast Wrecks Big Film House in Hollywood". Chicago Daily Tribune. October 24, 1929. p. 1.
  67. "The Stock Market Crash of 1929". Money-Zine. Retrieved March 18, 2015.
  68. Stanley, Richard T. (2010). A Humorous Account of America's Past: 1898 To 1945. Bloomington, Indiana: iUniverse. p. 222. ISBN 978-1-4502-4300-1.
  69. Harvey, Fred (October 25, 1929). "Record Slump Checked; 'Key' Stocks Rally". Chicago Daily Tribune. p. 1.
  70. "Hoover Sees U.S. Immune to Stock Panic". Chicago Daily Tribune. October 26, 1929. p. 1.
  71. "Chiefs of Steel Industry See Rosy Outlook". Chicago Daily Tribune. October 26, 1929. p. 25.
  72. Mather, O.A. (October 26, 1929). "Paradox Seen in Stock Crash, Coming Trade". Chicago Daily Tribune. p. 25.
  73. "Market Will Work Lower, Babson Says". Chicago Daily Tribune. October 26, 1929. p. 25.
  74. "25 Executed in Russia for Plots Against Soviets". Chicago Daily Tribune. October 26, 1929. p. 7.
  75. Darrah, David (October 26, 1929). "Europe Wonders What is Aim of U.S. and Britain". Chicago Daily Tribune. p. 8.
  76. Harvey, Fred (October 27, 1929). "Wall St. Issues Still Groggy; Prices Weaken". Chicago Daily Tribune. p. Part 3 p. 3.
  77. Schnotz, Wilhelm. "Is the Stock Market Closed During the Weekend?". Zacks. Retrieved March 18, 2015.
  78. Wales, Henry (October 27, 1929). "French Radical Agrees to Form Cabinet". Chicago Daily Tribune. p. 18.
  79. Görtemaker, Heike B. (2011). Eva Braun: Life With Hitler. Vintage Books. pp. 11–12. ISBN 978-0-307-74260-5.
  80. "Tageseinträge für 26. Oktober 1929". chroniknet. Retrieved March 18, 2015.
  81. Allen, Jay (October 28, 1929). ""Hands Off!" Duce Roars at Rest of World". Chicago Daily Tribune. p. 1.
  82. "London Police Smash Riot at U.S. Embassy". Chicago Daily Tribune. October 28, 1929. p. 1.
  83. "The 10 biggest falls on Wall Street". The Daily Telegraph. August 3, 2011. Retrieved March 18, 2015.
  84. "Stock Dip Can't Mar Prosperity, Hoover Aid Says". Chicago Daily Tribune. October 30, 1929. p. 3.
  85. Klein, Julius (November 4, 1929). "National Income Increased". St. Petersburg Times. St. Petersburg, Florida: 13.
  86. "Raskob Buying Stocks; Calls Them Bargains". Chicago Daily Tribune. October 30, 1929. p. 3.
  87. "Lake Ship Lost; 60 Saved". Chicago Daily Tribune. October 29, 1929. p. 1.
  88. Boettiger, John (October 30, 1929). "12 Lost, 60 Saved in Lake Wreck". Chicago Daily Tribune: 1.
  89. "Tageseinträge für 29. Oktober 1929". chroniknet. Retrieved March 18, 2015.
  90. Pettey, Tom (October 31, 1929). "Market Scare Over, Stocks Rebound". Chicago Daily Tribune. p. 1.
  91. "Dow Jones Top 10 Wednesday Percentage Increase". Automation Information. Retrieved March 18, 2015.
  92. Smith, George (October 31, 1929). "Landslide for Liquor Sale in Ontario Vote". Chicago Daily Tribune. p. 1.
  93. "'Voice of Briand' Agrees to Form French Cabinet". Chicago Daily Tribune. October 31, 1929. p. 5.
  94. "Rockefeller Sr. Buys Up Stocks and Tells Why". Chicago Daily Tribune. October 31, 1929. p. 19.
  95. "Nova Scotia, Dry 9 Years, Votes Liquor". Chicago Daily Tribune. November 1, 1929. p. 1.
  96. Tharoor, Shashi (2003). Nehru: The Invention of India. New York: Arcade Publishing. p. 72. ISBN 978-1-55970-697-1.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.