Wall Street

Today in History 10/29 (Wall Street Crash)

Crowds and police outside the New York Stock Exchange after the Wall Street crash in October 1929 (© Universal History Archive/UIG via Getty Images)(1929) The Great Depression begins with a terrible crash
Panic has gripped Wall Street since October 24, and now the bottom has fallen out, as market losses rise to $30 billion. The unparalleled crash ends a bull market riding high on 1920s optimism and ushers in what will be a worldwide, and decade-long, Great Depression.
The Wall Street Crash of 1929, also known as the Stock Market Crash of 1929 or the Great Crash, is the stock market crash that occurred in late October, 1929. It started on October 24 and continued until October 29, 1929, when share prices on the New York Stock Exchange collapsed.
Start date: Oct 28, 1929
End date: Oct 29, 1929

A solemn crowd gathers outside the Stock Exchange after the crash. 1929
Crowd gathering on Wall Street after the 1929 crash.
wiki/Wall_Street_Crash_of_1929
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(1929) The Great Depression begins with a terrible crash.
Also on this day,

539 BCE | Cyrus takes Babylon and founder of the Persian Empire is king of the world
The Persian Achaemenid Empire already stretches across a huge swath of the known world when its leader, Cyrus the Great, conquers another great capital, Babylon. His Cyrus Cylinder will proclaim him “king of the four corners of the world” and set out many reforms for Mesopotamia.
1792 | A British visitor names Oregon’s highest peak as Mt. Hood named
Britain’s Lt. William Broughton, traveling in Captain Vancouver’s company, spots a “very high, snowy mountain,” as he stands on present-day Sauvie Island in the American Northwest’s Columbia River. He’ll name the stratovolcano ‘Mount Hood’ in tribute to British admiral Samuel Hood.
1956 | Suez Crisis starts as a Mideast passage to India spurs a global crisis
Two months after Egypt’s president nullifies British control over a strategic maritime passage by nationalizing the Suez Canal, Israeli forces invade to take it back. Britain and the US will soon join them, sparking a dangerous struggle that grows to include another superpower, the USSR.

Today in History 10/29/17

Cyrus II of Persia, aka Cyrus the Great (© Leemage/UIG via Getty Images)(539 BCE) Founder of the Persian Empire is king of the world
The Persian Achaemenid Empire already stretches across a huge swath of the known world when its leader, Cyrus the Great, conquers another great capital, Babylon. His Cyrus Cylinder will proclaim him "king of the four corners of the world" and set out many reforms for Mesopotamia.
Cyrus II of Persia, commonly known as Cyrus the Great and also called Cyrus the Elder by the Greeks, was the founder of the Achaemenid Empire. Under his rule, the empire embraced all the previous civilized states of the ancient Near East, expanded vastly and eventually conquered most of Southwest Asia and much of Central Asia and the Caucasus. From the Mediterranean Sea and Hellespont in the west to the Indus River in the east, Cyrus the Great created the largest empire the world had yet seen. Under his successors, the empire eventually stretched at its maximum extent from parts of the Balkans and Eastern Europe proper in the west, to the Indus Valley in the east. His regal titles in full were The Great King, King of Persia, King of Anshan, King of Media, King of Babylon, King of Sumer and Akkad, and King of the Four Corners of the World.
Birthplace: Anshan, Iran
Died: 530 BC · Syr Darya
Spouse: Cassandane · Neithiyti
Children: Atossa (Daughter) · Cambyses II (Son) · Bardiya (Son) · Roxane (Daughter) · Artystone (Daughter)
Buried: Pasargadae
Parents: Cambyses I (Father) · Mandane of Media (Mother)
Persian empire
The Achaemenid Empire under Cyrus's rule. Persia became the largest empire the world had yet seen.

wiki/Cyrus_the_Great
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Today in History 10/19 (College Football)

Merle Wendt of Ohio State University (left) points out to Alan Gould, center, AP sports editor, and Bill Glassford of Pittsburgh, where he intends to cross Pitt's goal line before their game October 10, 1936 (© Harry Hall/AP)(1936) Journalists rank college football
The Associated Press releases a poll of 35 sportswriters evaluating American college football teams, and the Minnesota Golden Gophers take the top spot. The AP Poll will become the premier ranking system for both collegiate football and basketball, and will never fail to spark an argument.
The Associated Press provides weekly rankings of the top 25 NCAA teams in one of three Division I college sports: football, men’s basketball and women’s basketball. The rankings are compiled by polling 65 sportswriters and broadcasters from across the nation. Each voter provides his own ranking of the top 25 teams, and the individual rankings are then combined to produce the national ranking by giving a team 25 points for a first place vote, 24 for a second place vote, and so on down to 1 point for a twenty-fifth place vote. Ballots of the voting members in the AP Poll are made public.
College Football
The Associated Press college football poll was created in 1936 to try to answer the simplest yet most divisive question in sports: Who’s better? The poll helped give a regional sport more of a national scope and helped define the Army-Notre Dame rivalry.
wiki/AP_Poll
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(1936) Journalists rank college football.
Also on this day,

1386 | Teaching begins at Germany’s newest university as Heidelberg U. opens
Germany’s Heidelberg University holds its first lecture today and will do so for centuries to come, surviving the Black Death that will ravage the continent, France’s destruction of the city, the chaos of the Protestant Reformation, and the cataclysm of two world wars.
1985 | First Blockbuster night as video rental superstore premieres
Software entrepreneur David Cook opens his first video rental store in Dallas, offering customers a streamlined experience and large selection. The Blockbuster chain will grow to more than 8,000 stores by 2010 before competition from online and streaming services run it virtually out of business.
1987 | ‘Black Monday’ crash as mayhem strikes Wall Street and world markets
Hong Kong’s stock market is the first domino to fall in a cascade of global financial markets sent tumbling by a combination of faulty computer-assisted trading, oil price fluctuations, missile attacks on US vessels, and even a cyclone in the UK. The Dow Jones falls by a precipitous 508 points, or more than 22 percent.

Today in History 10/19/17

Traders on the floor of the New York Stock Exchange work frantically as panic selling swept Wall Street on October 19, 1987 (© Peter Morgan/AP)(1987) Mayhem strikes Wall Street and world markets
Hong Kong's stock market is the first domino to fall in a cascade of global financial markets sent tumbling by a combination of faulty computer-assisted trading, oil price fluctuations, missile attacks on US vessels, and even a cyclone in the UK. The Dow Jones falls by a precipitous 508 points, or more than 22 percent.
In finance, Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already declined by a significant margin. The Dow Jones Industrial Average fell exactly 508 points to 1,738.74. In Australia and New Zealand, the 1987 crash is also referred to as "Black Tuesday" because of the time zone difference.
Date: Oct 19, 1987
S&P 500 index around the time of the crash
Timeline compiled by the Federal Reserve.

wiki/Black_Monday_(1987)
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