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Richard Whitney
In September 1929 confidence in the market's ability to continue its upward spiral began to weaken. Stock prices turned lower. Apparently investors were turning from "bulls" to "bears" in increasing numbers and were selling short,for the small investor who had all of his/her money tied up in stocks, it became imperative to sell fast before the prices dropped lower.To restore the confidence of the small investor, Richard Whitney, vice-president of the New York Stock Exchange and broker for the House of Morgan, entered the market and attempted to stem the tide. Amazingly the tactic worked, but only temporarily---on the following Tuesday, October 29, 1929, the bottom fell out of the market.
What else can I help you with?
What event is often considered to be the starting point of the great depression?
(apex) black tuesday
Who is the president during the 1929 crash of the stock market was?
President Herbert C. Hoover served from 1929 to 1933.
What event was the catalyst of the Great Depression?
Stock Market Crash
What was other names for the stock market crash?
It was known as the Crash of '29, Black Thursday, Black Monday, Black Tuesday.The nickname for the stock market crash is called Black Tuesday. This led to the Great Depression and happened in 1929.
Which of these events marked the beginning of the Great Depression?
The Stock Market crash. It is also called Black Tuesday and the year is 1929.
The president during the 1929 crash stock market was?
Herbert Hoover was president of the United States during the stock market crash of 1929.
What president was during 1929 crash of stock market?
Herbert Hoover was president during the 1929 stock market crash. He succeeded Calvin Coolidge in March of that year.
What event is often considered to be the starting point of the great depression?
(apex) black tuesday
Who was president during stock market crash that led to the great depression?
Herbert Hoover was President of the United States when the Stock Market Crashed in 1929.
Who is the president during the 1929 crash of the stock market was?
President Herbert C. Hoover served from 1929 to 1933.
What event was the catalyst of the Great Depression?
Stock Market Crash
What major events happen during Herbert Hoover's term?
The stock market crash (1929) that began the Great Depression.
Did the stock market crash in 1929?
yes it did
What happened to the unemployment rate after the stock market crash in 1929?
After the stock market crash in 1929, the unemployment rate in the United States significantly increased.
Did the stock market crash happen in the 20th century?
The Stock Market Crash happened in 1929 on Black Tuesday.
What is the stock market crash seen as the beginning of?
If you are referring to the stock market crash of 1929, that was the beginning of the Great Depression.
What was other names for the stock market crash?
It was known as the Crash of '29, Black Thursday, Black Monday, Black Tuesday.The nickname for the stock market crash is called Black Tuesday. This led to the Great Depression and happened in 1929.
