Significant News and Dates in the Month of October 1929
This chapter will review on a sample basis the news that an investor had access to in the month of October and attempt to relate the news to the significant events for that month.
The headlines or headings for the news items that accompany each date were selected because they were the biggest print, the most interesting news, or the most relevant news. The first set of news is always from the front page of the New York Times and the second set from the Times's financial section. For each of the significant market dates news items were extracted for several days preceding the relevant market date and one day after. The objective is to give a feeling for the type of information a reasonably well-informed investor had available. The reader will find useful information for investment decisions to be scarce. Remember, when the relevant market date is X, the relevant paper date will be (X + 1).
The first relevant market date is October 3. This date marked the year's worst break in stock prices (to that date).
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Publication information: Book title: The Causes of the 1929 Stock Market Crash:A Speculative Orgy or a New Era?. Contributors: Harold Bierman Jr. - Author. Publisher: Greenwood Press. Place of publication: Westport, CT. Publication year: 1998. Page number: 51.
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