October 29, 1929: The Great Depression Begins

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On this day 71 years ago the stock market crashed
and in a matter of hours the financial institutions
went into a tail-spin. The German economy, heavily
dependent on western finance and crippled by the
forced reparations from World War I, ground to a
halt. The way was paved for Adolf Hitler and the
Second World War.

-- spider (spider0@usa.net), October 29, 2000

Answers

Could be three days late. Could be Wed., Nov. 1 this time, the date Iraq has threatened to stop exports of oil in its dispute with the U.N.

-- Uncle Fred (dogboy45@bigfoot.net), October 29, 2000.

Man, that would rattle a lot of cages, wouldn' it?

-- Buck (bigbuck@trailways.net), October 29, 2000.

If anything remotely similar were to happen this coming week it would guarantee a George W. Bush presidency.

-- Nancy7 (nancy7@hotmail.com), October 29, 2000.

We've been hearing so much over the past couple of years about bubble.com and its imminent rupture. Are't we about overdue for a repeat of 1929?

-- Qman (qman@c-zone.net), October 29, 2000.

Did anyone watch the History Channel this past Saturday night? They had a show on comparing 1928's stock market mania to now. The comparisons were *very* accurate and startling in similarity.

I just wonder who the public will pay the most attention to: that show or analysts who are "whistling past the graveyard"...

-- Deb Mc (vmcclell@columbus.rr.com), October 30, 2000.



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