October 1929
The following events occurred in October 1929:
- Britain restored diplomatic relations with the Soviet Union.[1]
- Died: Antoine Bourdelle, 67, French sculptor, painter and teacher
- 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]
- The Victor Talking Machine Company was merged with RCA to form RCA-Victor, with RCA holding 50 percent of the stock, General Electric 30 percent, and Westinghouse Electric 20 percent.[9]
- Ramsay MacDonald arrived in New York City and proceeded to Washington, D.C. by train, where he had an introductory 20-minute meeting with President Herbert Hoover. MacDonald became the first sitting British Prime Minister to ever visit the United States.[10][11][12]
- The Fritz Lang-directed silent science fiction film Frau im Mond (Woman in the Moon) premiered in Berlin.[13]
- 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.[26] The amendment would be revoked in March 1930.[27]
- 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.[36] 10% of all the country's eligible voters would be required to sign up before the referendum could be considered binding.[37]
- 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.[38]
- The Dow Jones Industrial Average lost 3.2% as the New York Stock Exchange posted widespread losses, with numerous declines of 10 points or more.[39][40]
- Born: S. William Green, politician, in New York City (d. 2002)
- The Privy Council of England made a landmark decision recognizing women as "persons" under the law in Canada, giving them the right to be appointed to the Senate. The decision was a victory for five Alberta women known as the "The Famous Five".[46] October 18 is now commemorated as Persons Day in Canada.[47]
- 100 protestors in Brussels rioted and threw stones at the Italian embassy in opposition to the news of the engagement of Princess Marie José to Crown Prince Umberto of Italy. The engagement was unpopular in Belgium because Italian leader Benito Mussolini was disliked there. Police dispersed the rioters by firing over their heads.[48]
- Several battalions of Chinese troops mutinied at Wuhu.[49]
- The New York Stock Exchange declined again, losing 2.51%.[39][50]
- The Soviet Union recognized Mohammed Nadir Shah as ruler of Afghanistan.[51]
- The New York Stock Exchange posted more big losses amid a wave of selling.[52]
- In Berlin, 2 were reported killed in Violence that erupted when 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 Stalhelm attempt to storm a Jewish synagogue.[53]
- Born: Colin Jeavons, actor, in Newport, Wales
- 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."[54]
- The giant Dornier Do X German seaplane had a successful 50-minute test flight over Lake Constance with 169 people aboard.[55]
- The stock market dropped 3.71%. Communication lines were swamped with calls as a record 3.1 million shares changed hands in the first two hours, and many investors did not know where they stood through the day as the ticker fell more than 60 minutes behind at one point.[39][56][57]
- Born: Ursula K. Le Guin, science fiction and fantasy author, in Berkeley, California
- James Scullin became the 9th 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.[58]
- "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."[59]
- 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.[39][60]
- The train ferry SS SS Milwaukee sank during a storm in Lake Michigan off Milwaukee with the loss of all 52 hands.[61]
- The Brazilian airline Panair do Brasil began operation as NYRBA do Brasil S.A.
- Born: Lev Yashin, footballer, in Moscow, USSR (d. 1990)
- Black Thursday: the Wall Street Crash of 1929 began. 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][39][66][67] A new one-day record 12,880,900 shares were sold.[68]
- Born: Clifford Rose, actor, in Hamnish Clifford, England
- The Dow Jones Industrial Average rose 0.58%, giving investors hope that the worst was over.[39][66]
- 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.[69]
- 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.[70]
- 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."[71]
- 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."[72]
- In Krasnodar, Soviet authorities executed 21 men for anti-government activities.[73]
- Ramsay MacDonald ended his visit to the United States and Canada, boarding a ship in Quebec headed back for Britain.[74]
- Parliamentary elections in Czecheslovakia 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.[80]
- 3 arrests were made during a demonstration of 500 communists outside the American embassy in London protesting the sentences of the textile workers in the Loray Mill Strike.[81]
- Black Tuesday: the stock market fell another 11.73%. With all hopes of a quick recovery now gone, sellers outnumbered buyers ten to one as a record 16.4 million shares exchanged hands.[66][67][82]
- 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."[83][84]
- 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.[85]
- The steamboat SS Wisconsin foundered during an early morning storm off the coast of Kenosha, Wisconsin. 60 were rescued but 12 crew were lost.[86][87]
- The enrollment period for the German referendum expired.[88]
- Died: Emily Robin, 54 or 55, English Madame
- The Dow Jones Industrial Average surged 12.34% as traders went 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.[67][89][90]
- 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.[91]
- Étienne Clémentel accepted the task of trying to form the next French government after Édouard Daladier was unsuccessful.[92]
- 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.[93]
- The Dow Jones recovered another 5.82% on a half-day of trading.[39]
- Nova Scotia voted to repeal prohibition in a referendum, leaving Prince Edward Island as the only "dry" region left in all of Canada.[94]
- Viceroy of India Lord Irwin announced that a round table conference would be held to determine the country's future. The declaration included an almost offhand remark that the "natural issue of India's constitutional progress" was "the attainment of Dominion Status", but the statement became very controversial in Britain.[95]
- Born: Robert Utley, author and historian, in Bauxite, Arkansas; Bud Spencer, Italian actor, in Naples, Italy
References
- ↑ "Chronology 1929". indiana.edu. 2002. Retrieved March 18, 2015.
- ↑ Salmond, John A. (1995). Gastonia, 1929: The Story of the Loray Mill Strike. University of North Carolina Press. p. 10. ISBN 9780807822371.
- 1 2 3 Mercer, Derrik (1989). Chronicle of the 20th Century. London: Chronicle Communications Ltd. p. 383. ISBN 9-780582-039193.
- ↑ Reid, John Howard (2008). Silent Films & Early Talkies on DVD: A Classic Movie Fan's Guide. Lulu.com. ISBN 9781435710733.
- ↑ Tomasevich, Jozo (2001). War and Revolution in Yugoslavia: 1941–1945. Stanford, California: Stanford University Press. p. 27. ISBN 9780804779241.
- 1 2 Anderson, Diana (2002). "1929 Riot". Cañon City Public Library. Retrieved March 18, 2015.
- ↑ Powell, John (October 5, 1929). "Chinese, Soviets in Hand to Hand Battle for City". Chicago Daily Tribune. p. 10.
- 1 2 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.
- ↑ Abramson, Albert (1995). Zworykin, Pioneer of Television. University of Illinois Press. p. 80. ISBN 9780252021046.
- ↑ Henning, Arthur Sears (October 4, 1929). "MacDonald Reaches U.S. to Meet Hoover". Chicago Daily Tribune. p. 1.
- ↑ Henning, Arthur Sears (October 5, 1929). "Capital Greets Premier on his Peace Mission". Chicago Daily Tribune: 1.
- ↑ "Visits By Foreign Leaders of United Kingdom". Office of the Historian. Retrieved March 18, 2015.
- ↑ "Tageseinträge für 4. Oktober 1929". chroniknet. Retrieved March 18, 2015.
- ↑ Henning, Arthur Sears (October 6, 1929). "Talk Navies in Hoover Camp". Chicago Daily Tribune. p. 1.
- ↑ "Last Rites for Stresemann to be Held Today". Chicago Daily Tribune. October 6, 1929. p. 16.
- ↑ "Germans Pay Last Tribute to Minister". Rhinelander Daily News (Rhinelander, Wisconsin): 1. October 7, 1929.
- ↑ "Rebury Wrangel in Belgrade With Pathetic Pomp". Chicago Daily Tribune. October 7, 1929. p. 2.
- ↑ Deane, Bill (2012). Baseball Myths: Debating, Debunking, and Disproving Tales from the Diamond. Scarecrow Press. pp. 170–171. ISBN 9780810885479.
- ↑ "Nick Altrock 1929 Batting Gamelogs". Baseball-Reference.com. Sports Reference LLC. Retrieved March 18, 2015.
- ↑ "Survivors Tell Horrors as Ship Sinks; 44 Lost". Chicago Daily Tribune. October 8, 1929. p. 10.
- ↑ "Britain Makes Humphreys High Commissioner in Iraq". Chicago Daily Tribune. October 7, 1929. p. 2.
- ↑ Suydum, Henry (October 7, 1929). "MacDonald Praises Kellogg Pact Amid Cheers of Senators". Brooklyn Daily Eagle. p. 1.
- ↑ "Ralph Capone Jailed by U.S. on Tax Charge". Chicago Daily Tribune. October 9, 1929. p. 1.
- ↑ "Jue Moon". Playbill Vault. Retrieved March 18, 2015.
- ↑ Dupree, Louis (1980). Afghanistan. Princeton University Press. p. 459. ISBN 9781400858910.
- ↑ Crawford, Arthur (October 12, 1929). "End Censorship of Literature by Custom Force". Chicago Daily Tribune. p. 14.
- ↑ "Senate Votes Censorship on Obscene Books". Chicago Daily Tribune: 1. March 19, 1930.
- ↑ "Comeback among October's best". MLB.com. October 17, 2008. Retrieved March 18, 2015.
- ↑ 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 9780786436231.
- ↑ "Saturday, October 12, 1929". The Road to World War II: Day-by-Day. October 12, 2013. Retrieved March 18, 2015.
- ↑ Schultz, Sigrid (October 13, 1929). "Germany Rocked by Grim Battle Over Young Plan". Chicago Daily Tribune. p. 21.
- ↑ "96 Saved as Liner Strikes Rocks Near Canadian Harbor". Brooklyn Daily Eagle. October 14, 1929. p. 1.
- ↑ Root, Waverly (October 15, 1929). "London Gapes as Leviathan of Air Stunts in Sky". Chicago Daily Tribune. p. 8.
- ↑ White, Lawrence H. (2012). The Clash of Economic Ideas. Cambridge University Press. p. 68. ISBN 9781107012424.
- ↑ Smith, George (October 16, 1929). "MacDonald Says Goodby; Crosses Over to Canada". Chicago Daily Tribune. p. 7.
- ↑ Schultz, Sigrid (October 17, 1929). "Germany Calm as Battle Opens Over Young Plan". Chicago Daily Tribune. p. 19.
- ↑ "Germany Votes for Referendum on Young Plan". Chicago Daily Tribune: 22. November 3, 1929.
- ↑ "Britain Reduces Hours of Miners; Wages Not Cut". Chicago Daily Tribune. October 17, 1929. p. 4.
- 1 2 3 4 5 6 7 8 9 "The Great Depression and Dow Jones Industrial Average". Generational Dynamics. Retrieved March 18, 2015.
- ↑ Harvey, Fred (October 17, 1929). "Stocks Turn on Friends; Prices Go Glimmering". Chicago Daily Tribune. p. 29.
- ↑ "Serbian Executed in Italy for Firing on Line of Voters". Brooklyn Daily Eagle. October 17, 1929. p. 1.
- ↑ Sage, Robert (October 18, 1929). "Italy Executes Collegian and Serbs Go Wild". Chicago Daily Tribune: 3.
- ↑ "MacDonald Arrives in Ottawa to See Canadian Premier". Brooklyn Daily Eagle. October 17, 1929. p. 1.
- ↑ Harvey, Fred (October 18, 1929). "Final Prices Stronger in N.Y. Stock Market". Chicago Daily Tribune. p. 31.
- ↑ "Selling Forces Stocks to Lose Morning Gains". Brooklyn Daily Eagle: 1. October 17, 1929.
- ↑ "Women are persons -- the Famous Five and the Persons Case". The Alberta Centennial. Retrieved March 18, 2015.
- ↑ "Persons Day". Status of Women Canada. Retrieved March 18, 2015.
- ↑ House, Ann Sommers (October 19, 1929). "Belgians Riot as Princess Plans to Wed". Chicago Daily Tribune. p. 1.
- ↑ "Chinese Revolt". The West Australian (Perth): 19. October 19, 1929.
- ↑ "Rank and File of Curb Stocks Shows Decline". Chicago Daily Tribune. October 19, 1929. p. 26.
- ↑ "Soviets Accept Nadir Khan as New Afghanistan King". Chicago Daily Tribune. October 20, 1929. p. 8.
- ↑ "Selling Avalanche Causes Big Losses on Stock Exchange". Chicago Daily Tribune. October 20, 1929. p. 1.
- ↑ Schultz, Sigrid (October 21, 1929). "Germans Riot Over Debt Vote Plan; 2 Killed". Chicago Daily Tribune. p. 1.
- ↑ "Edison Honored by Grateful World". Chicago Daily Tribune. October 22, 1929. pp. 1–2.
- ↑ Schultz, Sigrid (October 22, 1929). "Giant Plane Takes Air with 169 in Board". Chicago Daily Tribune. p. 1.
- ↑ "Market in Panic As Stocks Drop To Record Lows". Brooklyn Daily Eagle. October 21, 1929. p. 1.
- ↑ "Stocks Slump Billions; Rally at Day's Close". Chicago Daily Tribune: 1. October 22, 1929.
- ↑ Wales, Henry (October 23, 1929). "Briand Cabinet Falls on Plan to Free Rhine". Chicago Daily Tribune. p. 1.
- ↑ Mather, O.A. (October 23, 1929). "Stock Market Will Recover, Doctors' Think". Chicago Daily Tribune. p. 27.
- ↑ Harvey, Fred (October 23, 1929). "Rainbow Seen on Wall Street; Stocks Rally". Chicago Daily Tribune. p. 27 and 29.
- ↑ "Fear 52 Are Dead on Lake Ship". Chicago Daily Tribune. October 24, 1929. p. 1.
- ↑ Giroux, Gary (2013). Business Scandals, Corruption, and Reform: An Encyclopedia. Greenwood. p. 147. ISBN 9781440800689.
- ↑ "Crown Prince of Italy Target of an Assassin". Chicago Daily Tribune. October 24, 1929. p. 1.
- ↑ "Water Boy King Surrenders With 1,000 Followers". Chicago Daily Tribune. October 24, 1929. p. 23.
- ↑ "Blast Wrecks Big Film House in Hollywood". Chicago Daily Tribune. October 24, 1929. p. 1.
- 1 2 3 4 "The Stock Market Crash of 1929". Money-Zine. Retrieved March 18, 2015.
- 1 2 3 Stanley, Richard T. (2010). A Humorous Account of America's Past: 1898 To 1945. Bloomington, Indiana: iUniverse. p. 222. ISBN 9781450243001.
- ↑ Harvey, Fred (October 25, 1929). "Record Slump Checked; 'Key' Stocks Rally". Chicago Daily Tribune. p. 1.
- ↑ "Hoover Sees U.S. Immune to Stock Panic". Chicago Daily Tribune. October 26, 1929. p. 1.
- ↑ "Chiefs of Steel Industry See Rosy Outlook". Chicago Daily Tribune. October 26, 1929. p. 25.
- ↑ Mather, O.A. (October 26, 1929). "Paradox Seen in Stock Crash, Coming Trade". Chicago Daily Tribune. p. 25.
- ↑ "Market Will Work Lower, Babson Says". Chicago Daily Tribune. October 26, 1929. p. 25.
- ↑ "25 Executed in Russia for Plots Against Soviets". Chicago Daily Tribune. October 26, 1929. p. 7.
- ↑ Darrah, David (October 26, 1929). "Europe Wonders What is Aim of U.S. and Britain". Chicago Daily Tribune. p. 8.
- ↑ Harvey, Fred (October 27, 1929). "Wall St. Issues Still Groggy; Prices Weaken". Chicago Daily Tribune. p. Part 3 p. 3.
- ↑ Schnotz, Wilhelm. "Is the Stock Market Closed During the Weekend?". Zacks. Retrieved March 18, 2015.
- ↑ Wales, Henry (October 27, 1929). "French Radical Agrees to Form Cabinet". Chicago Daily Tribune. p. 18.
- ↑ Görtemaker, Heike B. (2011). Eva Braun: Life With Hitler. Vintage Books. pp. 11–12. ISBN 9780307742605.
- ↑ "Tageseinträge für 26. Oktober 1929". chroniknet. Retrieved March 18, 2015.
- ↑ Allen, Jay (October 28, 1929). ""Hands Off!" Duce Roars at Rest of World". Chicago Daily Tribune. p. 1.
- ↑ "London Police Smash Riot at U.S. Embassy". Chicago Daily Tribune. October 28, 1929. p. 1.
- 1 2 "The 10 biggest falls on Wall Street". The Daily Telegraph. August 3, 2011. Retrieved March 18, 2015.
- ↑ "Stock Dip Can't Mar Prosperity, Hoover Aid Says". Chicago Daily Tribune. October 30, 1929. p. 3.
- ↑ Klein, Julius (November 4, 1929). "National Income Increased". St. Petersburg Times (St. Petersburg, Florida): 13.
- ↑ "Raskob Buying Stocks; Calls Them Bargains". Chicago Daily Tribune. October 30, 1929. p. 3.
- ↑ "Lake Ship Lost; 60 Saved". Chicago Daily Tribune. October 29, 1929. p. 1.
- ↑ Boettiger, John (October 30, 1929). "12 Lost, 60 Saved in Lake Wreck". Chicago Daily Tribune: 1.
- ↑ "Tageseinträge für 29. Oktober 1929". chroniknet. Retrieved March 18, 2015.
- ↑ Pettey, Tom (October 31, 1929). "Market Scare Over, Stocks Rebound". Chicago Daily Tribune. p. 1.
- ↑ "Dow Jones Top 10 Wednesday Percentage Increase". Automation Information. Retrieved March 18, 2015.
- ↑ Smith, George (October 31, 1929). "Landslide for Liquor Sale in Ontario Vote". Chicago Daily Tribune. p. 1.
- ↑ "'Voice of Briand' Agrees to Form French Cabinet". Chicago Daily Tribune. October 31, 1929. p. 5.
- ↑ "Rockefeller Sr. Buys Up Stocks and Tells Why". Chicago Daily Tribune. October 31, 1929. p. 19.
- ↑ "Nova Scotia, Dry 9 Years, Votes Liquor". Chicago Daily Tribune. November 1, 1929. p. 1.
- ↑ Tharoor, Shashi (2003). Nehru: The Invention of India. New York: Arcade Publishing. p. 72. ISBN 9781559706971.